Hi there,
I'm in the process of setting up as a sole trader and thinking about getting a new car next year. The car will be used part business and part personal use. I would say half and half. I know most capital expenses are written off over a number of years.
How does it work when it's not just business use? Do I just write half of the cost of it off over thr specified number of years?
I'm in the process of setting up as a sole trader and thinking about getting a new car next year. The car will be used part business and part personal use. I would say half and half. I know most capital expenses are written off over a number of years.
How does it work when it's not just business use? Do I just write half of the cost of it off over thr specified number of years?