Car for business use only.
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  1. #1
    Join Date
    Nov 2008
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    Default Car for business use only.

    Hi,

    Just wondered if anyone knew if you can buy or lease a car just for childminding use and put it through the books as well as all fuel costs and tax etc.

    Thanks Sarah

  2. #2
    Join Date
    Sep 2008
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    Somewhere West of Watford!!!
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    Yes you can but I would advise speaking to a good Accountant about it.

    I bought a new car in May last year and am keeping records through the year to see if depreciation is better than 45p per mile because I can off set a % of the loan as an expense.

  3. #3
    Join Date
    Aug 2008
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    not where I should be...
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    If you purchase a car you would take your business percentage and apply it to the car costs, including capital depreciation, interest, MOT, petrol, repairs, car washes etc.. The size of the car ommissions determines the percentage you can claim for capital depreciation.

    Leasing - I don't know

    Would advise talking to an accountant.
    Debbie

 

 

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