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Motorcycles

Motorcycles

Dear All

I have a client (a sole trader) who has a motorcycle which he uses in his trade.  Will his Motorcycles qualify for capital allowances under the current legislation (e.g. FA 2012)? And is it based on CO2 emissions like cars? If not, how are are motorcycles owned by sole traders treated for tax purposes under current legislation & in the past (say 2 tax years back)?

KR

M

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22nd Jan 2013 01:30

Not a car any longer

Since April 2009 motorcycles, motor scooters etc. are treated for CA purposes like other plant and machinery. Consequently CO2 emissions have no impact on the CAs available. This also means that, unlike cars, they can qualify for the Annual Investment Allowance, subject of course, to adjustment for private use. 

 

TC 

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