Question:
I have one client taxi driver, who bought his car six months ago. It's not an electric car. Please advise if he can claim capital allowances?
Arthur Weller replies:
Capital allowances can be claimed as for any car, but annual investment allowance (AIA) and first year allowances cannot be claimed, unless this is a Hackney carriage (i.e. a traditional 'London black cab' type vehicle) or a low CO2 emission car. See HMRC’s Capital Allowances manual.
