Capital allowances on cars

The rules governing tax relief on cars changed recently. 100% First Year Allowances will be available on cars purchased from 1 April 2013 until 31 March 2015, where emissions are less than 95g/km. This means that the full cost of the car is tax deductible provided the emissions do not exceed 95g/km. Also, for cars purchased from 1 April 2013, the standard 18% … Read More