self-employed a taxi driver can claim capital alow

My car co2 is 092, what percentage can I claims any I bought 2nd hand 2015.

Didn't find your answer?

Hi, 

please any body can help. As a taxi driver tex return am I eligible for claim capital allowance and what %. My car bought 2015 2nd hand and Co2 092 (hybrid).

how to calculate this and it purchase price is £17000.

finally, if I can claim CA than it have any relation with deprecation. As a same time do I need to add depreciation with profits.

please help.

kind regards

saberhossail

Replies (20)

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By Tim Vane
07th Jan 2017 19:21

I am assuming you don't charge for giving rides to people, as long as they ask nicely?

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By 356B
07th Jan 2017 20:01

Suggest you get an accountant to deal with this.

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By Briar
09th Jan 2017 16:33

Yes; Yes; 100%; Multiply £17,000 by 100% (or get an accountant to work this out for you); Yes; Yes.

OK?

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Replying to Briar:
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By Portia Nina Levin
09th Jan 2017 16:40

100%? I had understood the vehicle to be second hand.

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Replying to Portia Nina Levin:
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By Briar
10th Jan 2017 18:20

Why not? What difference does it make whether its new or S/H? It is an addition (assuming purchased after 06/04/15) to his business (and also assuming his year end is 05/04/16)

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Replying to Briar:
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By Portia Nina Levin
10th Jan 2017 18:29

There are three problems with what you say:
1) You cannot claim an FYA on a low-emissions car, unless you buy it new (that is what the legislation says).
2) For expenditure after 5 April 2015 the CO2 limit for a low-emissions car is 75g/km, in any event.
3) The only other route to get a 100% deduction is by way of AIA, which is not available in relation to cars, whatever the circumstances.

That is why not.

Damn! Now I have gone an answered a half-baked queation!

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Replying to Portia Nina Levin:
By petersaxton
10th Jan 2017 20:51

"2) For expenditure after 5 April 2015 the CO2 limit for a low-emissions car is 75g/km, in any event."
after 30 March 2015

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Replying to petersaxton:
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By Portia Nina Levin
11th Jan 2017 10:54

No. After 31 March 2015 (on or after 1 April 2015).
See: http://www.legislation.gov.uk/uksi/2015/60/article/2/made?view=plain

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Replying to Portia Nina Levin:
By petersaxton
11th Jan 2017 11:47

Yes, I was wrong. I was messing about with "after" and "from" and for some reason I said 30 when I know there is 31 days in March.

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Replying to petersaxton:
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By Portia Nina Levin
11th Jan 2017 11:52

It is "there are 31 days in March" Peter. Now is that less than 32 days or fewer than 32 days?

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Replying to Portia Nina Levin:
By petersaxton
12th Jan 2017 05:25

Both
My original point was that it wasn't "after 6 April 2015"

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Replying to petersaxton:
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By Portia Nina Levin
12th Jan 2017 10:57

I said "after 5 April 2015". Look back. My point is that if you want to make fine points, make fine points.

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Replying to Portia Nina Levin:
By Duggimon
11th Jan 2017 11:25

Portia Nina Levin wrote:

3) The only other route to get a 100% deduction is by way of AIA, which is not available in relation to cars, whatever the circumstances.

Unless you are applying an extremely circular definition of "car" as being anything on which AIA is not available making your statement somewhat redundant, this isn't true. Not that I'm suggesting the OP gets his 100%, just that there are cars on which you can get AIA. A black hack is a car, as is a driving school car, as is a racing car.

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Replying to Duggimon:
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By Portia Nina Levin
11th Jan 2017 11:32

The reason that hackney carriages (and be careful with that one), vehicles fitted with dual controls and vehicles that cannot be driven on the public highway do not qualify, is that they are not cars; they do not satisfy the capital allowances definition of being a car. It is most certainly not the other way around.

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Replying to Portia Nina Levin:
By Duggimon
11th Jan 2017 14:38

Not satisfying the capital allowances definition of being a car is not the same thing as not being a car. The Ford Fiesta I learned to drive in was definitely still a car.

As I said, they're only not cars if you define cars as being vehicles on which AIA is unavailable, which is a tautology.

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Replying to Duggimon:
By cheekychappy
11th Jan 2017 16:25

My wife calls my [***] “The Beast of Barnsley” on account of its size.

It’s technically still a [***], but in the bedroom it is definitely a beast.

So when talking about CA’s, the Ford Fiesta (bag of [***]) you learned to drive in wasn’t a car for the purposes of AIA.

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Replying to Duggimon:
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By Portia Nina Levin
11th Jan 2017 16:08

It is the other way around AIA is not available on cars as defined in CAA 2001, section 268A.

In a question about capital allowances, it is a nonsense to consider something that might be a car outwith that definition.

And since it is of no relevance to the OP (unless the OP comes back and tells us that this vehicle with emissions of 92 g/km is, in fact, a hackney carriage) you are just being a cretin.

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Replying to Briar:
By Tim Vane
10th Jan 2017 18:33

Briar wrote:

Why not?

Several reasons.

@OP This is why free advice isn't worth what you pay for it. Go get paid advice.

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Replying to Tim Vane:
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By Paul Hawes
11th Jan 2017 16:01

Well it gives him a better tax liability so it's obviously worth more. Just so long as that pesky HMRC never investigates.

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By Briar
11th Jan 2017 19:21

I was wrong! Many thanks, Portia, I am always willing to learn (especially from you).

I now know that Manual CA23510 identifies the sort of "specialised" cars (black cabs, driving school cars with dual controls) as the only ones entitled to 100% AIA. Bit unfair to taxis out of London, but there you go. Fortunately, I don't have any taxi clients (but do have a driving school)

Just shows how a potentially stupid question (and answer!) can have benefits after all.

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