Cash Basis / Capital Allowances

[Phil1744]

Hi all,

If using Cash Basis accounting, do you record a van purchase as a capital allowance, or just normal expense? And same for tools?

And do you include finance/interest payments?

Many thanks in advance

[Phil1744]

No one knows?

[pawncob]

https://www.gov.uk/simpler-income-tax-cash-basis/income-and-expenses-under-cash-basis