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I've searched for this everywhere and can't get a straight answer..
E.g..
Small business under 25K year.
If I purchase a van on HP for £15,000
I pay a first payment of £300 then its £250 each month.
I will own the van at the end.
I use Cash Basis.
I will be using milage method.
No repairs, No tax, No Fuel etc... I understand.
Is this only thing I can claim for this van the 45p per mile? this covers all the payments to finance everything?
No AI and No Capital Allowance?
Or can i...
Claim £300 and the £250 I pay each month?
Please help thank you for you time to respond.
Edited at 03 Jun 2022 11:15 AM GMT
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