Hello
Car, an asset of my IT business, is valued at £20000 at the start of year one. I claim allowance at 18% (£3600,modified by business/private use to £2000) at year end. Shall we say that the value is then £18000.
When I repeat the process at the end of year 2 should I start with a value of £18000 or the actual value of the vehicle at market price which may well be somewhat less that £18000, shall we say £16000?
The above figures are purely for example.
Many thanks
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