Costs for a vehicle that has already been fully depreciated
July 18, 2012 | 25,00 EUR | answered by Dr. Yanqiong Bolik
Can I deduct expenses for a vehicle that has already been fully depreciated and is still being used for business purposes in my business tax return?
For example, if the depreciation ended in 2010 and the remaining loan was paid off in 2011, can this be deducted as vehicle expenses in 2011?
Dear inquirer,
Thank you for your inquiry, which I am happy to answer taking into consideration your contribution and the rules of this platform.
Please note that my explanation is based on the situation presented, and that adding, omitting, changing information, or the ambiguity of information can change the tax result.
As long as the vehicle remains in business assets and is used for business purposes, even if the acquisition costs have already been depreciated, the costs incurred for maintaining this vehicle are deductible as operating expenses. This includes costs related to loan repayment (without a remaining loan balance). Please note that the vehicle should continue to be listed in the fixed assets.
I hope I was able to assist you.
If there is still any uncertainty, please feel free to use the follow-up feature.
Sincerely,
Dr. Yanqiong Bolik
Tax consultant
Bildstöckle 6, 70567 Stuttgart
Tel: +49 (0)711 / 2132 1815
Email: info@zdbz.de
www.steuerberatung.zdbz.de
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