How much of a van can I take off my profit?

12.5% of what it cost, each year for 8 years. A €24,000 van takes €3,000 a year off your profit until it's all written off.

What happens if I sell it early?

In the year you sell, there's no yearly write-off. If you sold for less than the value left, the difference is an extra write-off. If you sold for more, the difference is added to your profit.

It depends on its carbon emissions. A low-emission car is written off on €24,000, whatever it cost. Middle emissions get half, at most €12,000. High emissions get nothing.

Trades and self-employed

Write-offs on tools, vans and machinery

How much of a van, tools, machinery or a car comes off your profit each year, and what happens if you sell it early.

Self-assessment tool. The figures come from your own answers. It isn't advice, and you're responsible for what you file or claim. heypenny.ie is a trading name of Kinch Press. Read the disclaimer.

Common questions

How much of a van can I take off my profit?: 12.5% of what it cost, each year for 8 years. A €24,000 van takes €3,000 a year off your profit until it's all written off.
What happens if I sell it early?: In the year you sell, there's no yearly write-off. If you sold for less than the value left, the difference is an extra write-off. If you sold for more, the difference is added to your profit.
What about a car?: It depends on its carbon emissions. A low-emission car is written off on €24,000, whatever it cost. Middle emissions get half, at most €12,000. High emissions get nothing.

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