I really need some help please, as this is far beyond my capabilities!
I help my self employed son with his tax return. He works on a CIS basis.
This year he's purchased a van on finance. We use Cash basis for his accounts. Where do I put his van in? Should I just put it an as expense (although he hasn't paid it all off - nowhere near!), or do I need to look at Capital Allowances??? Which sounds really complicated.....
Thank you very much.
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