Deduct the insurance of your utility vehicle
Easiness to justifyAverage amount deducted€ 2000 per yearFrequency1x per year
Don’t forget to deduct insurance for your utility vehicle
You can deduct up to 100% of the cost of insuring your utility vehicle, depending on its business use.
Like all the other costs relating to your utility vehicle, its insurance is deductible according to the business use of your vehicle.
Do you use your company car exclusively for your business? Then you can deduct 100% of these costs from your tax bill.
You can prove this exclusively business use, for example, by having a valid alternative for private journeys. Otherwise, 85% is an acceptable rate of VAT deductibility.
All types of insurance for your commercial vehicle are tax-deductible.
Curious to know what qualifies as a utility vehicle?
The FPS Finance explains it here