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I'm having a moment

Car capital allowances

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My brain has died...

You buy a car for £10,000 and pay £50 RFL and £200 transaction fees.

CA on £10,000? £10,050? £10,250?

Help?

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By puzzel
15th Jul 2019 15:45

10,200

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15th Jul 2019 15:52

Most likely £10,200.

The RFL will be expenditure in the P&L.

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15th Jul 2019 16:23

Depends what exactly the "transaction fees" are.

The VED is definitely an expense though.

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16th Jul 2019 07:42

Thanks all, I literally couldn't get my brain to give me the answer (and Google was oddly unhelpful!).

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