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Capital Allowances
Tax Planning and Financial

Alan
Alan
3 Thanks
28 Posts
2 years ago
0

Can anybody advise? I have installed a solar thermal hot water system for the yerar end Apr 2022. Im pretty sure this expenditure is treated as a Capital spend as oppesed to a trading expense and consequently attracts capital allowances (as opposed to 100% write-off in year of expenditure). Reading the HMRC website I can claim 18% or 6% writing down allowance each year on the WDV (written-down value). Can anyone advise please? I do my own online tax return and am confident with my submissions but this would be the first time I have had to consider CA's. Thank you.

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