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Motor Tax - Business Expense

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  • 25-10-2013 1:29pm
    #1
    Jacknory
    Registered Users Posts: 78 ✭✭


    Hi

    I have tried to find this information on citizens advice, revenue but can't get an answer.

    I am a sole trader. Can I claim motor tax against my earnings (car is used 90% of the time for business)? It is not a commerical.

    Thanks

    Jack


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    #2
    Gloomtastic!
    Registered Users Posts: 8,486 ✭✭✭Gloomtastic!


    Jacknory wrote: »
    Hi

    I have tried to find this information on citizens advice, revenue but can't get an answer.

    I am a sole trader. Can I claim motor tax against my earnings (car is used 90% of the time for business)? It is not a commerical.

    Thanks

    Jack

    As far as I'm aware, you can claim a maximum of 85% of motor claims against tax.


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    #3
    stcstc
    Registered Users Posts: 2,262 ✭✭✭stcstc


    isnt it better to just charge mileage

    charge at government rate per mile, cover servicing, fuel tax etc?


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    #4
    viztopia
    Closed Accounts Posts: 770 ✭✭✭viztopia


    stcstc wrote: »
    isnt it better to just charge mileage

    charge at government rate per mile, cover servicing, fuel tax etc?

    As a sole trader you cant claim mileage. You should claim for all the motor expenses in the profit and liss and then add back a personal element to the tax ajusted profits. You should also claim wear and tear on the car.


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    #5
    barneystinson
    Registered Users Posts: 4,683 ✭✭✭barneystinson


    Gloomtastic! wrote: »
    As far as I'm aware, you can claim a maximum of 85% of motor claims against tax.

    Please - Stop saying that!! This is the 2nd or third thread in the last few months where you've trotted that out. The rule is "wholly and exclusively", there's no specific limit.


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    #6
    Gloomtastic!
    Registered Users Posts: 8,486 ✭✭✭Gloomtastic!


    barneystinson wrote: »
    Please - Stop saying that!! This is the 2nd or third thread in the last few months where you've trotted that out. The rule is "wholly and exclusively", there's no specific limit.

    So to put that simply Barney, if the OP is using his vehicle 90% for business, he can claim 90% against tax?


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    #7
    barneystinson
    Registered Users Posts: 4,683 ✭✭✭barneystinson


    Gloomtastic! wrote: »
    So to put that simply Barney, if the OP is using his vehicle 90% for business, he can claim 90% against tax?

    Yes.

    But that level of business usage would have to be provable. If it was the person's only vehicle, and unless the job was one where they're on the road constantly, then it's hard to see how 85-90% could be justified.


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    #8
    Gloomtastic!
    Registered Users Posts: 8,486 ✭✭✭Gloomtastic!


    barneystinson wrote: »
    Yes.

    But that level of business usage would have to be provable. If it was the person's only vehicle, and unless the job was one where they're on the road constantly, then it's hard to see how 85-90% could be justified.

    Thanks For clearing that up. Will note for future reference.


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