Unless I'm mistaken, (and that is quite possible!!) This would seem to be an exception to the rule that you can only claim expenses that you have actually spent? Obviously there are costs involved in running a cycle, but there is no point-of-use cost on a per-mile basis as there is with a car for example.
How does one 'prove' this expense... Would you think that keeping a log of journeys undertaken would be sufficient to satisfy an inspector? Should receipts for the costs of keeping/maintaining the bike (which is used primarily for commuting for business) such as tyres/lubricants/servicing be kept?
Thanks in advance for your opinions...
How does one 'prove' this expense... Would you think that keeping a log of journeys undertaken would be sufficient to satisfy an inspector? Should receipts for the costs of keeping/maintaining the bike (which is used primarily for commuting for business) such as tyres/lubricants/servicing be kept?
Thanks in advance for your opinions...
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