Cliam Capital Allowances

You can claim this allowance when you buy assets that you keep to use within your business, here are some examples:

Equipment

Machinery

Business vehicles, vans or lorries

If you’re a sole trader or partner and have an income of 150,000 or less a year, a simpler system maybe be available to you called cash basis.


To find out more find attached link:

https://www.gov.uk/simpler-income-tax-cash-basis

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