15:29 PM, 25th July 2017, About 5 years ago 6
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?