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Oct 16, 2020 6:25 AM UTC
Solved

What tax category does Capital Expenses go under for my Driving Tuition car?

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Oct 16, 2020 8:24 AM UTC

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.

3 replies

Oct 16, 2020 7:02 AM UTC

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

Neil1972Author
Oct 16, 2020 8:04 AM UTC

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

Oct 16, 2020 8:24 AM UTC

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.