Normally when you buy a car, you are only able to claim 10% or 20% of the value of the car each year.
However, provided that the car is fitted with dual-control mechanisms, you could claim all of the cost in the year you purchased the car; even if it was on Hire Purchase.
In order to make the best use of this break, you may benefit from speaking with your local TaxAssist Accountant.
By Jo Nockels
Disclaimer: The information provided is based on current guidance (at date of publication) from HMRC and may be subject to change. Any advice shared here is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this information, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.