# Capital Allowance & Self Assessment

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#### prnsk

I am a bit confused re capital allowances and the self assessment form.
If at year end 04/05 my car is worth £8000 and I calculate capital
allowance @25% (£2000) then if the cap allowance figure goes into box
3.16 on the SA form do I put the £8000 value into box 3.99 (plant etc
assets) or do I enter the value after deduction of the 25% (£6000)into
box 3.99

Many thanks

P

#### Peter Saxton

I am a bit confused re capital allowances and the self assessment form.
If at year end 04/05 my car is worth £8000 and I calculate capital
allowance @25% (£2000) then if the cap allowance figure goes into box
3.16 on the SA form do I put the £8000 value into box 3.99 (plant etc
assets) or do I enter the value after deduction of the 25% (£6000)into
box 3.99

Many thanks
Don't confuse capital allowances and depreciation!

3.99 is for net book value which is cost less accumulated
depreciation.

P

#### prnsk

Peter

So in my accounts (Sage) I calculate depreciation at whatever figure
and then enter the net value into 3.99. I then have to add the
accumulated depreciation back into SA box 3.44. Am I right? Self
Assessment is ok but the help notes are not that good. (Adam Hart Davis
take note)!!

Best regards

Dave

T

prnsk said:
So in my accounts (Sage) I calculate depreciation at whatever figure
and then enter the net value into 3.99. I then have to add the
accumulated depreciation back into SA box 3.44. Am I right? Self
Assessment is ok but the help notes are not that good. (Adam Hart Davis
take note)!!
You are right, but asking the question in this way suggests you are
probably not approaching it correctly. Sage will produce:

Profit and Loss Account which you can plug into 3.29 to 3.63
Balance Sheet ditto into 3.99 to 3.114

You will then require a separate sheet (in Excel preferably) to
calculate Capital Allowances. Don't forget to disallow any private
use of the car.

--

P

#### prnsk

Tony

Many thanks. All clear now (penny has dropped).

Regards
Dave

P

Sorry! Troy.

P

#### Peter Saxton

Peter

So in my accounts (Sage) I calculate depreciation at whatever figure
and then enter the net value into 3.99. I then have to add the
accumulated depreciation back into SA box 3.44. Am I right? Self
Assessment is ok but the help notes are not that good. (Adam Hart Davis
take note)!!

Best regards

Dave
Make sure you put all your expenses in 3.46 to 3.63. Depreciation
should go in 3.62 and 3.44.

Still put capital allowances in 3.16.