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Claim for car expenses against tax at work?

Claim for car expenses against tax at work?

Tax relief claim for car expenses for motor vehicle used at work ?

An employee who uses his or her private car for business purposes and is not reimbursed by his or her employer can claim expenses in respect of the running costs of the car.

These include items such as motor tax, insurance, repairs, services, etc.

Only the portion of running expenses that is applicable to the business use of the car is allowable.

The ‘business’ portion is calculated by reference to the business kilometre travel over the total kilometre travel for the period.

Any contribution made by the employer towards the running expenses must be deducted from the claim.

In addition, an individual can also claim wear and tear allowances as compensation for the depreciation in the value of the car. Where an individual leases rather than purchases the car, he or she can claim leasing expenses but not wear and tear allowances

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie

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