[QUOTE=Kato;444110]You don't get to claim the 30% company tax rate off a car as far as I know...
QUOTE]
Kato, only in terms of the repairs. i.e. if we make a profit of 30k a year that is subject to company tax but if the repairs come to $20k and we only have a profit of $10k then I only have to pay tax on the $10k.
The depreciation does not matter so much as we would claim it regardless.
Brendon
__________________
Losing is worse than death. You have to live with losing....
|