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October 16, 2020
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What tax category does Capital Expenses go under for my Driving Tuition car?

  • October 16, 2020
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Hi Neil1972 The self employed product is a partial template, boxes 15-47 of the self assessment form and enables you to account for your allowable and disallowable expenses. Capital purchases have to be accounted for in the actual self assessment for in 'Tax allowances for vehicles and equipment (capital allowances) section boxes 49-59. We must make you aware that we're not accountants and you should qualify any advice we give you with an accountant or HMRC.

1 reply

October 16, 2020

Hi Neil1972 What specific capital expenses are you wanting to categorise?🤔

Neil1972Author
October 16, 2020

Hi John.  Its for a new car for work. Thanks

October 16, 2020

Hi Neil1972 The self employed product is a partial template, boxes 15-47 of the self assessment form and enables you to account for your allowable and disallowable expenses. Capital purchases have to be accounted for in the actual self assessment for in 'Tax allowances for vehicles and equipment (capital allowances) section boxes 49-59. We must make you aware that we're not accountants and you should qualify any advice we give you with an accountant or HMRC.