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Can I deduct the cost of my motor vehicle when I also use it for private purposes?
The proportion of your motor expenses relating to business use is allowable. The cost of travel between your home and your work is not business use and is not allowable. If your total motor expenses are £1,500 but only one-third of your mileage is business you can only claim one-third of that total (£500). Capital allowances are apportioned in the same way. You cannot deduct the cost of parking or speeding fines. Many small businesses find a fixed rate allowance easier.