There is business motor vehicle and Amortization which was paid off after insurance(Assume Original Value). How to account for this if there is no Gain or loss.
There is business motor vehicle and Amortization which was paid off after insurance(Assume Original Value). How to account for this if there is no Gain or loss.
There is business motor vehicle and Amortization which was paid off after insurance(Assume Original Value). How to account for this if there is no Gain or loss.
Hello,
Thanks for your question. I had some follow-up questions, did you sell this vehicle in 2024 (that you've claimed expenses for in previous tax years and capital cost allowance)?
Also, are you asking for clarification of whether the expenses for this vehicle are deductible?
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