AIA claim on van bought before trading commenced

Can AIA be claimed on van bought before trading commence where the van was bought for this purpose

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Client bought a van 2 months before he left employment as a carpenter to start trading as a sole trader as a carpenter instead. The van was bought knowing that the client would be leaving employment and starting as a sole trader, but that date was not certain hence buying the van earlier. Can the cost of the van be treated as AIA capital allowance claim in those circumstances where the van was bought with a view to starting to trade as a sole trader? 

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Replying to David Ex:
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By davebrown123
29th Jan 2024 13:04

Thank you, so looking at this there is a good example of the hearse being bought in advance of trading and allowing it to be treated as if acquired on day one but it doesn't specifically say it would count as AIA or is that to be assumed given its treatment as being deemed incurred on day one?

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Replying to davebrown123:
RLI
By lionofludesch
29th Jan 2024 13:14

"....allowing it to be treated as if acquired on day one....."

Treated as acquired on day one, with all that that entails.

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By tonycourt
29th Jan 2024 16:22

There is a subtle nuance in the OP: "The van was bought knowing that the client would be leaving employment and starting as a sole trader ".

The implication seems to me to be that the van was bought as a means of transport for private purposes initially albeit with an eye to the future, rather than specifically for the business. If that's so, then AIA is not available.

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Replying to tonycourt:
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By DougScot
29th Jan 2024 23:56

tonycourt wrote:

There is a subtle nuance in the OP: "The van was bought knowing that the client would be leaving employment and starting as a sole trader ".

The implication seems to me to be that the van was bought as a means of transport for private purposes initially albeit with an eye to the future, rather than specifically for the business. If that's so, then AIA is not available.

Stingy bloody accountant.

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Replying to DougScot:
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By Tax Dragon
30th Jan 2024 05:41

Or one who knows basic tax law. As they all should, imho, if they're going to hold themselves out as tax agents.

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