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Van on finance - Cash Basis

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  • # 122092

I've searched for this everywhere and can't get a straight answer..


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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