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Thread: Question Regarding Tax

  1. #1
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    Hey,

    I'm thinking of buying a car as i recently passed my test (i posted on here not so long ago.) Anyways as i run a auto blog / forum / community to do with performance and modified cars i was thinking of buying a car either to do up or already done up.

    Now i thought it would be the perfect offline advertising method to cover my car in stickers with the website address ect... as i do live in an area where theres alot of young modified car drviers and that cruise around every friday and saturday.

    Could i offset the purchase as a business asset - list it as expenses either the price of the car or the say a 'certain amount a month' as advertising space.

    I dont have much knowledge of the tax issues so can anyone offer advice?

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    First dont take my word for it but get some advice from an accountant. if you purchase a car and if it is used soley for business and i assume using it for advertising purpose would class it as business expenses you would be able to offset it against your tax.



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