Buy to Let

Property118 | Car Leasing – What can I claim?

I’ve searched all the threads and can’t seem to find an answer regarding cars? I am a Landlord paying tax by self assessment and I am about to buy or lease a new car.

I have set up a new company and according to HMRC I can pay myself 15% of total rental income as a wage for my rentals.

The question is, if I lease a brand new car, can I offset any of the expenses in self assessment or in my company?

It does not seem very clear on the HMRC website.

Anyone know the answer?

Sarah

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