Tax Relief On Electric Cars Uk For Self Employed . SelfEmployed Tax Return in the UK A StepbyStep Guide BusinessMole You would get 100% first year allowances at your 30% business use, meaning £18,000 qualifies for tax relief You would have a tax charge on the sale proceeds at your 25% business use, meaning £7,500 is subject to tax
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You would have a tax charge on the sale proceeds at your 25% business use, meaning £7,500 is subject to tax For new and unused electric cars or those with zero CO2 emissions, the entire cost can be deducted from your taxable profits in the year you make the purchase.
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