If you use a car for legitimate business journeys then you are able to claim related motor expenses against your business profits, which will help reduce your overall tax bill. There are a couple of methods for doing this. One is to claim back the business related percentage of your total costs. The other is to complete a business mileage claim. Here we compare the two methods and provide a free tool to record your mileage.
It's good news! For a limited company, the entire cost of a motorbike purchase qualifies for capital allowances; for other motor vehicles the same doesn't necessarily apply, so it could be an option worth considering.
The question of how best to structure the use of a car which is used partly for business and partly for private use, is common. Whilst each situation is specific to your individual needs, there are some general rules that apply and, that are worth knowing.