New vehicle and claiming expenses

[leep82]

Hi all as the thread title suggests im looking at purchasing a new van and was wondering if anyone could shed any light on whether i could claim any of the cost back as an expense. This tax year is my first full year being self employed. Ive read about somthing called AIA but unsure as to what it involves. Any help/advice most appreciated

 

[123]

It’s gone up from 44p to 45p for the first 10,000 miles.

It has been 45p for quite some time.

 

[Octopus]

My old van is a private vehicle as would be my new one. Although it would primarily be used for work, i do still use my current van, and would do any new van socially

If you are a sole trader you van is your van..... I don't think you can use the 45 p per mile route.

 

[Deleted member 26818]

If you are a sole trader you van is your van..... I don't think you can use the 45 p per mile route.

Unless you have claimed the purchase price of a vehicle against tax, it will be a private vehicle sometimes used for business, so you would be able to claim the mileage rate.