TAX RETURNS

[BOB D.O.L.E]

If i bought a van for £5000 today how much of that over 3 years can i claim back 50% 75% 100% ?

And what about tools such as a fas flue analyzer £600?.

 

[homevine]

Since this involves another of those government IT systems which are prone to going CRASH, maybe you won't have to pay anything.
If you're lucky they will have given all your details away to someone else !!

 

[Soggy_weetabix]

I paid 13 grand in tax yesterday.

Am sad

 

[JohnD]

There are worse things than earning a good wedge and paying tax on it.

 

[Soggy_weetabix]

There are worse things than earning a good wedge and paying tax on it.

Agree JohnD.

Just hurts a little bit! My tax bill is always a grand or so more thay Ive put by. My problem I know.

Working this weekend to make the difference up and then Im clear.

David

 

[stargazer]

To OP
You can claim 50% of the cost of your van as capital allowances for tax purposes.
Assuming no private use you claim £5,000 x 50% = £2,500.
The value of your van carried forward to your next year's accounts is £2,500 and you depreciate this at 20% in future years.
You can also claim 50% of the cost of your flu analyser and
20% in future years as above.