Finance lease

Finance lease

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Does anyone know if the car purchased on finance lease depreciation charged on the vechile is an allowable expenses ?
LUKMAN MOHAMED

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By AnonymousUser
17th Apr 2008 14:42

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.

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