Hi, all. Resident of Tokyo looking to buy a second-hand car through a business my wife and I set up last year.
We’re struggling to find clear information and good advice on this and whether we’re better off buying privately and then declaring fuel costs (etc.) as business-related expenses.
Has anyone got first-hand experience with this? Would be great to get some advice from anyone who’s gone through this particular trial.
Thinking of getting a 軽自動車 as they’re cheap to run and may actually fit in our pathetic crevice of a driveway.
2 comments
r/japanfinance
I bought a car (new) and claimed 1/3 of the cost as an ongoing business expense, as it is shared business and personal use (only the first 100,000 can be claimed in the first year and then the amount is reduced as the value of the car depreciates).
I also claim 1/3 of maintenance and petrol costs.