There are so many people who from time to time find themselves having to ‘account’, on a strictly literal level, with the tax return, with the 730.
Despite the complexities, and whether or not to be followed by professionals, we must remember that there are someand deductible expenses, if we have to face them in the reference year.
For the Statement 730 one thing that we really must not forget is that among the items that can be deducted, there are also car costs. And few people know it.
How is it done, and what are the expenses to be deducted? Here are the items of deductible disbursements, and the categories that are entitled to them. Let’s start from a concept, that of ddifference on deductibility.
On the one hand, in fact, we have means that become part of the most interesting category, that of full deductibility. Others, however, are part of the category of limited deductibility.
Car expenses deductible from 730, which ones and how to do them
The first group includes cars with deductible expenses 100 percent and which are instrumental to professional activities carried out, whether used for public use or not. For example, there are taxis. The vehicles with partial deductibility are mostly company ones, with a 20% discount, those used by commercial representatives (deductible at’80 percent) and those with mixed use at 70%.
In terms of total deductibility, as mentioned, we find all the vehicles needed to work, from dam school cars to car rental companies. Public transport, public transport vehicles, taxis, instrumental vehicles, and the like. And then there’s the deductibility, limited.
Limited deductibility, how it works
As seen, there are deductions 20%, or, as in the case of agents and representatives, 80%; but there is a cap on the purchase cost. For cars and caravans it is just over 18 thousand euros, for representatives and agents it rises to more 25 thousand euros. For motorcycles it is 4 thousand euros or so, while for mopeds above two thousand euro,
Then pay attention to the functioning with the costs of use, which are fuel, insurance and tax, parking and road tickets which can be reduced tol 100% if the vehicle is instrumental, 80 percent if they are agents of trade, 70% for mixed use and 20% in the other cases. In any case, it would be increasingly useful, before proceeding with a purchase, to ask for advice from an expert in the sector, perhaps one we know.
