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In general, car repair expenses are not tax deductible as a personal expense. However, if you use your car for business purposes, you may be able to deduct some or all of your car repair expenses as a business expense. The specific tax treatment of car repair expenses will depend on your country’s tax laws and regulations.
It’s recommended to consult with a tax professional or seek guidance from your local tax authority to determine whether your car repair expenses are eligible for a tax deduction. Additionally, be sure to keep detailed records of your car repair expenses and any related documentation, such as receipts, to support your tax deduction claims.
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.
Download our app and start gaining insight into your current and future finances.
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