Pickup trucks with a payload of 1 tonne or more are classified as light commercial vehicles and qualify for Annual Investment Allowance (AIA). HP lets you claim capital allowances on the asset. Lease payments are fully deductible from taxable profits.
UK Pickup Truck Market
UK pickup truck registrations exceeded 50,000 units in 2024. Pickup trucks are the fastest-growing segment of the UK commercial vehicle market, with 12% year-on-year growth. Over 65% of pickup sales are to business users.
Frequently Asked Questions
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