Hi fellas, I am currently registered a self employed and am looking at taking out a personal loan to fund purchasing a larger van. As this will be used for business am I able to claim the money I'm paying back each month as an expense, and also what would be the implications if I was to become a limited company during the loan period, could I still claim the monthly loan repayment as an expense, even though the loan is in my name rather than the companies?
Thanks, Tom