Capital Allowances on a motorbike/sidecar business
My client has runs trips on a motorbike/sidecar. He bought the motorbike in April 2012. What, if any, capital allowances can be claimed? Its a sole trader business.
With the side car it has 3 wheels.
CA23510 - Plant and Machinery Allowances (PMA): cars: outline - meaning of ‘car’. Motor cycles are specifically included in the definition of a car for capital allowances purposes where the expenditure was incurred before 1 or 6 April 2009. Expenditure incurred on a motor cycle after these dates is not treated as being on the provision of a car. A motor cycle is defined (in the Road Traffic Act of 1988) as a mechanically propelled vehicle, other than an invalid carriage, with less than four wheels. The unladen weight must not be more than 410 kilograms.
Does this mean I can claim AIA and just restrict for any personal use?
- property capital gains 141 2
- Transferring DLA between Directors 131 1
- Private doctors - Ltd company vs partnership 1,155 13
- Tips on meals 172 2
- Buy Samsung Galaxy Note 5 512 10
- Rental losses on jointly owned property 151 3
- Personal Tax 725 13
- Overpaid In Employers NI - RTI EYU for hundreds of employees 167 2
- Stumped - IHT 136 2
- Leaving the VAT FRS Scheme or trying to stay as long as possible? 409 6
- No PAYE Registration but need auto enrolment 473 11
- HMRC now overriding SA bank repayment details on tax returns 1,283 33
- Credit management tools 139 1
- Write an article on latest tax changes for landlords. 771 20
- Incorporate to utilise dividend allowance next year? 395 7
- CGT and primary residence 174 1
- Marriage Allowance 273 3
- S455 and February year ends 330 7
- HMRC having technical difficulties 889 18
- Closing down loss-making company 458 5