Tax experts - Contract hire payments

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Wed 26 Jan 2005 18:27
Tax experts - Contract hire payments - Dave N
Does anyone out there know if I can claim against tax 100% of my contract hire payments on a Light Goods Vehicle (van)? I'm self employed sole trader.

I know it can't be done for contract hire of cars with a sale price of over £12K, but I'm getting conflicting views on vans.
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Wed 26 Jan 2005 20:29
Tax experts - Contract hire payments - Ex-Moderator
Gonna be moved to "Discussion" later, you'll get the answer there.
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Thu 27 Jan 2005 12:27
Tax experts - Contract hire payments - Dynamic Dave
bttt.

Anyone out there help Dave N?
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Thu 27 Jan 2005 13:57
Tax experts - Contract hire payments - Rebecca {P}
Not a tax expert by any means, but the helpline people (details on inland revenue website or local tax office) have always been very helpful whenever I've had a query.

You don't have to give your details to get an answer from them.

I would say best get the answer from the horse's mouth.

HTH!
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Thu 27 Jan 2005 22:39
Tax experts - Contract hire payments - hxj

Provided that it is a contract hire agreement, ie you hand the asset back at the end of the hire and you cannot ever opt to purchase, and it is a proper van, ie one designed primarily for the carriage of goods of burden then yes.

If it's a dual cab pick up possibly ....
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