You can claim capital allowance on cars you buy and use in your business. This means you can deduct part of the value from your profits before you pay tax.
For cars bought from April 2018, the CO2 emission thresholds which determine the rate at which capital allowances are given are as follows:
– 50g/km or less are eligible for a 100% FYA and electric cars
– over 75g/km but not more than 130g/km are written at 18% per annum
– over 130g/km are written down at 8% per annum
Last updated: 31 July 2019