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  • Tax

    Self manage - car expenditure

    I manage my own properties the furthest of which is a 50 mile round trip the nearest a mile a way. I travel to properties everyday.

    Can I claim expenditure for major car repairs, tax, insurance. I’ve had a big £1500 repair bill recently.

    Please could you clarify what I can put through that’s car related. Thank you.

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    I am no accountant, but HMRC have a mileage allowance, see their website somewhere, it's something like 54p per mile, which you could use to claim back business mileage.  This figure is deemed high enough to cover all motor car travel expenses.

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    Hi there. Thanks for this but it’s the non travelling expenses I’m unclear on eg just spent £1500 on a major repair etc?

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    You may have wasted your money!

    Have you understood the new ULEZ?

    I doubt very much you will be able to use your vehicle to reach Hackney in 2021 unless you don't mind paying £12.50 for the privilege of entering the ULEZ!!!??

    London LL with the ULEZ will find their costs increasing.

    Many traders will refuse to work in the ULEZ unless the customer pays the £12.50 bill.

    Even my currently very efficient 2006 Fiesta TDci won't qualify for free ULEZ entry.

    There may well soon be a glut of previously owned vehicles coming onto the market which will NOT qualify for ULEZ exemption!

     I even have a scooter which I don't think will be compliant!!

    The ULEZ is going to be a shock for many Londoners etc.

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