You’re over complicating it Old Man

The revenue allow any reasonable basis for splitting between business use (which saitisfies the wholly, necessarily and exclusively test) and personal use, which does not.

I had assumed he’s a sole trader based on his description. If he isn’t, then the personal use bit becomes irrelevant; If he owns the car he can’t claim capital allowances. If the company owns the car, the company can claim 100% capital allowance in year 1, but he will be taxed on the BIK value and can claim mileage allowance.

Posted By: SimonOTBC, Apr 23, 22:36:46