The impact of the proposed capital allowance changes for motor cars
The Bourne Agenda is a fortnightly blog brought to you by Bourne Business Consulting LLP, an independent tax and business consultancy with offices in London and Farnham.
The last budget contained a few proposed changes to the way capital allowances on cars are calculated. These proposals are due to be introduced in April 2009, so we still await the details, but it’s already fairly clear from the budget announcement what the general basis of calculation is going to be.
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What's in this for a self employed
I have friends who are very confused about the changes. Especially one who is a dentist and wants to purchase a range rover 3.6ltr engine with extras. He is so concerned about the taxes he would have to pay and even considering to buy it as a limited company car instead. Would you say this is a good move?
Obviously the Co2 emission rate is higher???
Regards