Reply To: Car Finance as Business Expense Self Employed

#163255
kimpedzisz
Participant

Thanks everyone. I have asked the claimant for more documents regarding the loan – i.e. if it was directly related to the car purchase as a finance agreement or just a bank loan that is not directly related. If it is directly related I think I can argue that 50% of the interest payments are an allowable business expense in line with the car insurance and car tax that we allow.