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  • Mark Brown
    Participant
    October 19, 2023 at 1:13 pm
    Post count: 1
    #26230

    Hi

    When purchasing an EV via a Ltd Company there is a 100% first year allowance available.

    If claimed, the company still owns a car with value and when sold is added back as profits.

    Assume a car was purchased for £100k and 100% FYA was claimed. What value is put on the car in its accounts under fixed assets?

    How is the value calculated, is it estimated market value or a 18% reduction every year or some other method?

    Eg
    Value Year 1 = ?
    Value Year 2 = ?
    Value Year 3 = ?

    Thanks

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