Field help: (2024) Are motor vehicles part of the business assets?

Select "yes" if you have one or more motor vehicles in your business assets and wish to provide information about them.

Notes regarding depreciation:

• Year of purchase:The annual depreciation (depreciation for wear and tear) is only deductible proportionately in the year of acquisition. One twelfth of the annual amount is taken into account for each month.
• Year of sale: The proportional depreciation also applies when a vehicle is sold.
• Remaining amount: The remaining amount from the year of acquisition that was not written off in the first year continues to be written off after the regular depreciation period has expired.