Does anyone know if the car purchased on finance lease depreciation charged on the vechile is an allowable expenses ?
LUKMAN MOHAMED
Replies (1)
Please login or register to join the discussion.
If calculated correctly and not HP
See statement of practice 3/91
http://www.hmrc.gov.uk/manuals/flmmanual/html/FLMXAPP1/34_0001_FLMAppx1.htm
Doesn't apply if the finance lease is hire purchase or a long funding lease.