Hi, I am a sole trader not doing a lot of mileage, also a landlord travelling to my properties for various reasons, usually checks and maintenance.
My income isn't very high, I think I would pay around 5k tax, but wondering if it's worth buying a new electric car, dacia at 15k.
It seems like I can claim 100 percent of the purchase price against tax.
Am I right in thinking that would basically be the equivalent of a 15k tax expense to take off my profit?
Eg profit 20k - 15k tax payable on 5k.
How would that work if I use it for part personal use in the second year of ownership?
Thanks
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