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Old 01-04-2010, 04:27 PM
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[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
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