Disallowed Expenditure - Car Leasing and Rental Costs Flashcards
1
Q
The costs of hiring, renting or leasing plant and equipment is…
A
Allowable
2
Q
What is the flat rate of disallowance if CO2 emissions exceed 50g/km?
A
Flat rate disallowance of 15% of car lease payments
3
Q
If the leased car is used by the sole trader, partly for private use…
A
There will be a disallowance for the private use
