Claiming capital allowances

[spenco]

Hi i am currently employed but am due to be made redundant within the next couple of months, after which i intend to start a self employed business.

In this current tax year i have earned approximately 60k and paid the relative amount of tax for what i have earnt.

My question is if i go self employed will i be able to claim tax back on my start up costs ? I envisage these to be in the region of 15k and will be needed to perform my work , i believe but am not sure that i can offset these against future tax but really want know if i could be due a rebate from the previous years paye contributions

Any help is greatly appreciated

Nick

[pawncob]

Losses incurred in first year can be carried back against income of previous 3 years (inc capital allowances)