Hi
If i am a sole trader and I purchase a 0% emissions electric vehicle. I then use first year allowance to offset the full cost of the vehicle as a buyer expense (assuming 100% business use) in year 1.
What happens in when i sell the vehicle (for example in year or year 3), if i sell for less than what i paid I believe i am not liable for capital gains tax. But theoretically the car cost me alot less than the market value initially as i offset the cost as a tax expense.
Would i then be liable to payback the tax relief of the cost of the vehicle which was initially claimed?
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