I just wanted to check, before I let the client down gently..
Capital Allowances for motorcycles, I don't think they are allowed from reading this on hmrc website- For purchases on or after 1/6 April 2009 motorcycles are not cars for capital allowance purposes, though they were before that date.
Is there another allowance that he would claim, other than mileage?
Isn't that a good thing for your client that motorcycles are not cars?
It doesn't say that they're not allowed. It says that they're not regarded as cars anymore.
That would mean that the full cost of the motorcycle would be allowable under the AIA where cars are not allowable (and with limited exceptions are not allowable for FYA's either).
Should make for a very happy client except that I worry that you are giving tax advice which it doesn't sound as though you are ready to be doing that yet.
Just be careful as giving the wrong advice can end up very costly as you could find yourself responsible for putting the client back in the position that they would have been in had they not taken the advice. (And you're PII may not cover you).
As I say, just be careful out there.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
