NotElonMusk
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- Feb 3, 2018
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I am a commission earner and my current tax rate is 18%. At the rate things are going and the way that my income is growing I might have to pay in for tax. I am currently not deducting any vehicle expenses other than fuel at the moment. So I am wondering if I get a car which is best, a monthly HP payment or buying it cash and then also doing claiming deprecation?
Also if I do buy a vehicle for cash before 28 Feb 2018 can I claim the full purchase amount for this financial year?
*I do a lot of travel for my work.
Also if I do buy a vehicle for cash before 28 Feb 2018 can I claim the full purchase amount for this financial year?
*I do a lot of travel for my work.
