๐๐จ๐ซ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐๐ง ๐๐ฆ๐๐ซ๐๐ฅ๐ฅ๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ โ ๐๐ ๐๐ฐ๐๐ซ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ฌ๐ค๐ฌ
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๐๐ซ๐-๐๐ซ๐๐๐ข๐ง๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐๐ฌ โ ๐๐ ๐๐ฐ๐๐ซ๐ ๐จ๐ ๐๐ก๐ ๐๐ฎ๐ฅ๐๐ฌ
People set up in business for a variety of reasons. For some it is a dream that becomes a reality some years later. In working towards that dream, they may purchase items before the business starts to trade, to enable the business to trade, rather than for the purposes of the trade, e.g. a professional
๐๐๐ฉ๐๐ข๐ซ๐ฌ ๐๐ง๐ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐ฆ๐๐ง๐ญ๐ฌ โ ๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ก๐ ๐๐ข๐๐๐๐ซ๐๐ง๐๐ ๐๐ง๐ ๐๐ก๐ฒ ๐๐จ๐๐ฌ ๐ข๐ญ ๐๐๐ญ๐ญ๐๐ซ?
Work may be undertaken on a property to repair it or to improve it, and it will not always be clear where the dividing line falls. The distinction is important for tax purposes as, depending on how the accounts are prepared, relief may be given in a different way for capital expenditure and for revenue
๐๐๐ ๐ข๐ฌ๐ญ๐๐ซ ๐ญ๐จ ๐๐๐ฒ๐ซ๐จ๐ฅ๐ฅ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ข๐ง ๐๐ข๐ง๐
There is no excerpt because this is a protected post.
๐๐๐ฅ๐๐ฏ๐๐ง๐ญ ๐๐จ๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ ๐๐ง๐ ๐๐๐ โ ๐๐ซ๐ ๐๐จ๐ฎ ๐๐ฎ๐ ๐ ๐๐๐๐ฎ๐ง๐?
For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which is simply the business mileage for the year multiplied by the approved rate (which for cars and vans is set at 45p per mile for the first 10,000 business miles in