Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
I’ve searched all the threads and can’t seem to find an answer regarding cars? I am a Landlord paying tax by self assessment and I am about to buy or lease a new car.
I have set up a new company and according to HMRC I can pay myself 15% of total rental income as a wage for my rentals.
The question is, if I lease a brand new car, can I offset any of the expenses in self assessment or in my company?
It does not seem very clear on the HMRC website.
Anyone know the answer?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.