Capital Allowance

[mumtodaniel]

Did you know the rules for capital allowance have changed from this year. Instead of claming 50% of the item used, and then 25% the following year etc, you can now claim 100% of the item. This only applies to items bought after 1st April this year.

Obviously you still have to claim only the percentage of the item you are using i.e. tv, etc you would have to decide how much childminding use and how much your own family use.

This does not apply to cars.

I went to see the a tax inspector today and she gave me this information.

[mrsbumbles]

Thankyou, that is very useful information

[sarah707]

Just when I knew what I was doing! Thank you!