The fast approaching demise of the double cab pickup company vehicle
By Katie De Niese, Tax Manager
From the 6 April 2025 newly acquired Double Cab Pick Ups will no longer be treated as a van for the purposes of Income Tax or Corporation Tax.
However the old rules will continue to apply to vehicles purchased, leased or ordered before 1 April 2025. The old rules will apply to these vehicles until the earlier of their disposal, lease expiry or 5 April 2029.
This leaves a small window of opportunity to either lease a double cab pick up before 1 April 2025, or order a double cab pick up before 1 April 2025. Providing that the expenditure is incurred before 1 October 2025 these will still qualify under the old rules as long as they are ordered before 1 April 2025.
If you have double cabs within your fleet which may need to be renewed in the near future, you may wish to consider acting now and ordering or leasing a new double cab to make the most of the remaining 4 years beneficial rules.
For more information or a no obligation consultation please get in touch by emailing info@streets.uk or calling your local office.
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The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.
Information
The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.
No Advice
The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.
Information
The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.
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