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Sole Trader Van Purchase

  • Member PM.Dip
  • Practice Licence
  • 1 post
  • # 122123

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

  • Member
  • Practice Licence
  • 19 posts
  • # 122124

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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