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?