Claim for car expenses & wear and tear

Claim for car expenses & capital allowances

An individual who uses his or her private car necessarily in performance of duties of his employment may claim expenses in respect of the running expenses of the car. These include items such as motor tax, insurance, repairs, services, etc.

Only the portion of running expenses relating 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.

Wear and tear is an annual capital allowance in respect of the depreciation in the value of the car. As it is given at a
fixed rate it does not reflect the actual depreciation suffered. The current annual rate is 12½% of the allowable cost of a car over a period of 8 years. Only the portion of the wear and tear 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.

See link to form to request claim from revenue:

https://www.revenue.ie/en/employing-people/documents/claim-car-expenses-capital-allowances.pdf

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