Chauffeur Company - Capital allowances

A client of mine runs a chauffeur business through a limited company and is considering the purchase of a new vehicle. The car is likely to have a co2 greater than 160g and will only qualify for a 10% allowance. As this is a car no Annual investment allowance will be available. The problem is made worse by the fact that the vehicle will be owned by a limited company and consequently there would be no balancing allowance on the sale of the vehicle (which would be the case for a sole trader with some private use). A 10%8% relief will take years to get anything like full relief.

Due to the nature of business activities, the mileage will be very high and it is unlikely that a leasing option would be available.

Appreciate any suggestions on possible ways to maximise relief

Thanks

 

 

 

Comments
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Sunk

RebeccaBenneyworth |
RebeccaBenneyworth's picture

Private hire vehicle

RebeccaBenneyworth |
RebeccaBenneyworth's picture

why not sell and buy the cars outside the corporate vehicle (sor

carnmores |
carnmores's picture

Further info

justphil |

An alternative

justphil |

Quick point

RebeccaBenneyworth |
RebeccaBenneyworth's picture

Private Use

Vaughan Blake |

Mileage Allowance

justphil |