Buying a car is tax deductible?

Yes, but only company cars and cars used for commercial purposes can be written off. If you buy a car for private use only then the tax authorities will not accept this as a commercial expense.

At Horizon65 we can help you to determine if company pensions are worth it for you by using our mobile app to simulate its effect on your future taking into your existing investments and potential impact of inflation and taxation.

We regularly help our clients by comparing all the available company pension products on the market using our comparison portal or you can also directly get in touch with our experts to understand if it can be a good option for you.

 

Similar Questions

Are home equity loans tax deductible?

No, you cannot deduct a loan or the interest of a loan from the tax. Only rental properties allow the deduction of the interest pa...
More

Are estate planning fees tax deductible?

No, because the will and estate are private matters for the testator. The Notary fees are not tax deductible.
More

Is car repair tax deductible?

In general, car repair expenses are not tax deductible as a personal expense. However, if you use your car for business purposes, ...
More

Ready to get started?

Download our app and start gaining insight into your current and future finances.