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Can I put down a 12 month car lease cost as expenses for my business?

Jun 22, 2008 by Thinkdust | Posted in Buying & Selling

I sold my car a couple of weeks ago as I was getting 20 to the gallon and the emissions would mean I would probably end up paying around £500 in tax a year when the new system comes into place.

I've been looking into car leasing for a

I'm speaking from USA tax law point of view.

If the car is used for business then you can deduct the whole cost of car, insurance, gas, maintenance, etc. If the car is only used 50% of the time, then it can only be deducted for about 50%

Lover not a Fighter | Jun 22, 2008

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248 pages	The Wall Street journal, complete personal finance guidebook Creator: Jeff D. Opdyke \| Business & Economics - 2006-04-11 Take that $399- a-month Jaguar, for instance. That lease required a $2999 upfront payment on a car with a sticker price of $34995. If you bought that car ... Publisher: Three Rivers Pr

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764 pages	Introduction to Corporate Finance Creator: William L. Megginson, Scott B. Smart \| Business & Economics - 2008-03-03 We as- Lease Cost sume that under the purchase alternative the car will be sold at the end of four years (48 months) so that under both alternatives you end ... Publisher: South-Western Pub

112 pages	New York Magazine 1985-08-05 What's more, while buyers, on average, trade in their cars every 38 months, lease customers trade every 22 months. Ten years ago, leased cars accounted for ...

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