Capital Allowance

[poohster]

Hi newby here with a very small home run buisness and im trying to get my accounts done for my self assesment (account used to do it), I have a couple of questions

When it comes to capital allowances i take it this is for the equipemnt i use for my buisness, how do i calculate it? ie if its to last 4 years thats 25% of the cost a year, am i right? now is the 25% taken of the initial cost then the same amount taken for each of the 4 years till its 0 or is the 25% taken off the initial cost then 25% taken off the remander for the next year and so on (hope that makes sense as am useless as explaining things.

Next what does a course come under, is it an expense if so which one.

Thanks in advance.

[pawncob]

As your accountant used to do it, you'll firstly need to know the written down value of the assets for tax purposes, which you can get from him.
The writing down allowance is deducted from the balance brought forward on a reducing basis.

Start here:
http://www.businesslink.gov.uk/bdotg/action/layer?r.l1=1073858808&r.l2=1086692188&r.s=tl&topicId=1086445219

Whether the course is a deductible item depends on what it was for. If it was for improving existing abilities it's allowable, otherwise it isn't.