Is 50% FYA available for private hire taxi vehicles

Is 50% FYA available for private hire taxi...

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I have a client who owns 15 cars ' not hackney black cabs (all second hand costing less than £3000 each). He 'hires' them out to taxi drivers, therefore, no personal usage for my client. During ye 5th April 2005, he purchased 5 cars for approx £14,000 ' Can we claim 50% FYA on these ?

Thank you'

David

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By AnonymousUser
29th Jul 2005 15:58

No - i think
as far as I am aware you cannot claim any first year allowances on either plant and machinery bought for leasing out, or on any cars, therefore I think the answer is no i'm afraid.

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