Am I correct in understanding this allowance is available on a private motor car.
The rate being 12.5% of expenditure incurred after 4/12/2002 with a cost limit of €22,000.
Would this mean I have to include the car as a Fixed Asset and what other implications would follow.
Can I just confirm my thinking on this is correct and valid. (The links above are no longer working)
As a self employed person, I can claim 12.5% Capital Allowance on the value of my car (subject to a maximum allowable value of €23,000) less percentage addback for personal use
Correct. Although for 2008 ( before 01/07/08 ) the rate is €24,000. After 01/07/08 ther are a whole new set of rules on motor vehicle cap allces based on CO2, (Section 380LTCA1997)