Self-assessment tax return

[dotjhawkes]

I got the 'write down' figure wrong! What is a write down figure you ask? Who knows, another invention of this Inland Revenue big brother scenario! I asked them what a write down figure was. It isn't the figure you write down, it's the depreciation in % that you deduct from your capital assets! DOH! Why didn't I think of that! So it is 50% for the first year, (first year in business? first year of self assessment?) no, first year you own the equipment you bought! And 25% in the second year until it depletes to zero, unless u buy new equipment in the second year of trading and that is 50% allowance as it is the first year you had it. Who said the language on SIMS2 was hard to understand?