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taxation

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Is my car loan deductible against tax?

Hi,

As a sole trader I use my private car to do 30,000km a year. I’d like to change my car. If I take a loan out to purchase a car is a percentage of the monthly repayments deductible against tax and, if so, is there an upper limit or any drawbacks to doing this from a tax perspective, e.g. benefit in kind?

Many thanks

Is a previously N1 Touareg this costly to tax?

Hi,

T have a 2016 Volkswagen Touareg that is registered as N1 and I want to change it to M1 and I can, but they tell me that because it was N1 when first registered that my car tax will still be on engine size not CO2, so I will have to pay €1,500 when an identical car can be taxed for €750. I would be grateful for any advice you can give me on this.