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Post Info TOPIC: HIRE PURCHASE AGREEMENT (VAN) - SELF ASSESSMENT
Community


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HIRE PURCHASE AGREEMENT (VAN) - SELF ASSESSMENT
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Hi All,

How would you treat hire purchase payments for a VAN in a self assessment tax return?

Cash price 17,664.00

deposit paid 6,461.00

Amount of credit  11,203.00

interest charges 2,300.99

Amount payable across 48 months / 281.33

 

How this should be used in tax return?

 

Kind Regards

C.



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Dahlia2


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You need an Accountant.  What have your investigations found so far?



-- Edited by Dahlia2 on Tuesday 18th of January 2022 10:35:48 PM

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Community


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Looking for help Dahlia2, not for useless comment. Thank you



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Dahlia2


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No research then.

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SoloHans


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Community wrote:

Looking for help Dahlia2, not for useless comment. Thank you

 Makes me less inclined to help.  

So make an effort.  What parts of that finance package do you think you can claim. What else? 

 

 

 



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Leger


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Community wrote:

Looking for help Dahlia2, not for useless comment. Thank you

Key questions are cash basis or accrual?  If accrual AIA or capital allowances? 

An accountant familiar with the business will be best placed to answer your question.



-- Edited by Leger on Thursday 20th of January 2022 04:20:12 PM

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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
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