Capital Allowances

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We recommend:

• Tax relief for capital expenditure if you're self-employed
  Find out if you can reduce your tax bill by claiming capital allowances on equipment or assets used in your business

• Tax relief for capital expenditure if you're employed or a director
  You may be able to reduce your tax bill by claiming capital allowances on equipment or assets that you've got to provide to do your job

• Capital allowances and Corporation Tax
  What are capital allowances for companies and organisations; who can claim; how to claim; time limits for claims

You may also want:

• Helpsheet HS222 'How to calculate your taxable profits' (PDF 127K)
  Help to claim capital allowances or include balancing charges in your Self Assessment Tax Return

• Helpsheet HS206 'Capital allowances for employees and office holders' (PDF 76K)
  Help and guidance on capital allowances for employees and office holders

• Helpsheet HS250 'Capital allowances and balancing charges in a property rental business' (PDF 72K)
  Capital allowances and balancing charges for a property rental business: help to complete your Self Assessment Tax Return

• Capital Allowances Manual
  Detailed guidance on capital allowances legislation and how it works