Some cars only qualify for 6% tax relief

The latest Finance Act reduced the tax writing down allowance for motor cars that emit more than 110 grams of CO2 to just 6% on a reducing balance basis from April 2019.

In the case of company cars, the vehicle is included in the “special rate” pool which means that even when the car is sold, the proceeds are deducted from the pool and the 6% allowance continues until the balance is written off. In some cases, it may be more advantageous to lease such a vehicle.

For help and advice with your company cars, give the team a call on 01733 371180.

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