I know I should speak to an accountant as I am clueless but at the moment my income doesn't justify it.
I've done self assessment before and it's been easy as it has just been for freelance work.
I am now setting up a second sole trader business in this tax year. It's a different kind of business where there will be more in the way of outgoings than I've dealt with before. There has already been capital expenditure in 2018/19. Does that need to go as capital allowances in the 2018/19 self assessment which I will complete shortly, even though I wasn't trading or can it be carried over to 2019/20? What are the implications?
Any help much appreciated.
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Help with self assessment and capital allowances
4 replies
Accountingnovice · 16/04/2019 20:01
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