Renting out a flat, can I claim capital allowance for a car?
Posted: Thu May 17, 2018 5:20 pm
Hello,
I will be renting out my flat , which will be my only Income. I would be doing a SA , and declaring under Income from Property.I am planning on buying a car for travelling to the property meeting Tenants,repairs and general running around associated with the flat. I am planning on spending £12,000 on a car. As it is an expense, can I claim Capital Allowance for it ? If so what can I claim for? It would probably be used 50/50 Business/Pleasure
Thanks in advance.
I will be renting out my flat , which will be my only Income. I would be doing a SA , and declaring under Income from Property.I am planning on buying a car for travelling to the property meeting Tenants,repairs and general running around associated with the flat. I am planning on spending £12,000 on a car. As it is an expense, can I claim Capital Allowance for it ? If so what can I claim for? It would probably be used 50/50 Business/Pleasure
Thanks in advance.