I am a sole trader since August this year and was wondering if there is any tax benefits in leasing a Mitsubishi L200? I would use it for business and personnel use .
Our expert Gary answered...
Hi Mr Davidson, thank you for getting in touch with us. In answer to your question, very much so. There are certainly tax benefits that go with leasing a vehicle through your business. For example, if you are VAT registered you can claim up to 100% of the VAT back. VAT is paid monthly and reclaimed quarterly in your VAT return. We can tailor the best package to suit your budget, whilst going over all the benefits you could be getting when one of our Pickup truck experts talks to you personally. Please call us when its convenient, or let us know your number and best time to call you and a Pickup truck specialist will be more than happy to run through all the options available.