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• # 122123
• Tue 21 Jun 2022 04:18 PM

Hi

Can a sole Trader claim the whole cost of his van purchase in his self assesment in one year - and does it go under Capital Allowances?

Thanks in advance !!

Anne

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• # 122124
• Tue 21 Jun 2022 04:40 PM

Hi Anne

If it qualifies as a van (not a car) then yes you can claim the full amount in Year 1 as annual investment allowance.

Terry

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