new van

[J.C.E]

evening chaps

Took a loan out to buy a new van (Renault traffic)

am I right in thinking I can only put the interest of the loan as an expense at the end of the tax year?

I am sole trader S/E not limited or vat registered

 

[Octopus]

Ask an accountant, is my advice,

There is more to this than you outline!

 

[shanky887614]

speak to an accountant, it will probably work out better to claim the fuel rather than the capital. 50p a mile for the first 10,000 miles or £5,000 for the first 10k of miles a year and 25p every mile over.

for example you could keep the van 4 years and you get 20k back and can sell the van and not have lost anything