LCVs also qualify as ‘plant and machinery’, meaning the purchase cost can be written off through Capital Allowances (CAs) reducing your business profits. Until 31 March 2023 a ‘super deduction’ is available for any new LCV purchase allowing you to claim 130% in-year tax relief. Purchases after this date remain qualifying for the Annual Investment Allowance so you can offset the full cost of the LCV in the first year. This is significantly quicker than with company cars, which have a write-off rate as low as 6% a year.
Cool cruiser: Audi A6 Avant 50 TFSI e quattro S tronic 220 kW (299PS)
The A6 PHEV brings together a 2.0-litre four-cylinder petrol engine with an electric motor integrated into the seven-speed twin-clutch transmission....
