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Lee GLS

  • Posts: 3844
Taxation
« on: January 25, 2011, 08:58:37 pm »
There is a topic on another forum about capital allowance tax, I know that if you claim for the cost of your van it goes down as a capital allowance, but what about you ego equipment, your system ect? I thought this just went down as an expence, not a capital allowance, some of the guys on the other forum are putting it down as a capital allowance.

Does anyone know?

steve freeman

  • Posts: 134
Re: Taxation
« Reply #1 on: January 25, 2011, 09:05:19 pm »
Not a clue here i pay an accountant so i dont have the headache £250 worth her weight in gold

dave0123

  • Posts: 3553
Re: Taxation
« Reply #2 on: January 26, 2011, 12:07:12 pm »
anything that lasts over a year is capital expenses
Dave.