40 Allowable Expenses You Can Claim On Your Self Assessment Tax Return

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  • Опубліковано 13 тра 2024
  • 40 Allowable Expenses You Can Claim On Your Self Assessment Tax Return As Sole Trader
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КОМЕНТАРІ • 16

  • @whyyoulidl
    @whyyoulidl 4 місяці тому +1

    Thanks! Most useful and informative 👍

  • @nickgreen8268
    @nickgreen8268 3 місяці тому +1

    My accountant told me that claiming business use on your home, say 20%, would leave you subject to a capital gains tax liability on 20% the house price increase over the period that you claimed when you sell.

  • @dancamilleri6737
    @dancamilleri6737 Місяць тому

    Can you do a video on this topic for self employed delivery drivers. Alot of people like me now doing uber or deliveroo.

  • @user-wj2hb4sm4e
    @user-wj2hb4sm4e 3 місяці тому

    Thank you so much for sharing 💯 It's very useful information.
    I have a question that needs your help. I am an UberEat driver. Can I know is the mileage from home to the workplace is considered personal use? For example, drive the car from home to the place to wait for the order. Would that still count as work-related? Also, from that place to home, would it count as work-related?
    And sometimes we will stay in the car to wait for the next order. Will the waiting still count as work? Or does it count for personal use?
    Thanks a lot for your help😊

    • @royobrien
      @royobrien 3 місяці тому

      Not a professional. However the restaurant is a temporary place of work and not a permanent place of work therefore claiming for the mileage should be allowable under this circumstance. I claim for all mileage from the moment I switch the car on to the moment I finish for the night when delivering and track my mileage covered by using strava or looking at the mileage clock and comparing it from start to the end.

    • @bilyanahristova3183
      @bilyanahristova3183 3 місяці тому

      ​@@royobrienhave you claimed this way for some time? Do you do it on your own or you use agent services?

  • @andrewsims8135
    @andrewsims8135 Місяць тому

    Hi Adam help I am just about to do self assent on my rental house .
    First time

  • @paul301
    @paul301 3 місяці тому

    As a lorry driver I have to pick up a lorry from the yard which is a set location, so would my travel expenses to the yard be allowable?

    • @bilyanahristova3183
      @bilyanahristova3183 3 місяці тому

      No. Traveling from home to the yard is considered ordinary commuting and it's not eligible for a claim.

  • @campcop9214
    @campcop9214 3 місяці тому +1

    I heard about a home allowance if working from home, i assume for electricity etc how is this calculated though? If you work 100% from home say. Same goes for internet use, how do you know how much was for business and personal, just say 50/50?

    • @gosimpletax
      @gosimpletax  3 місяці тому

      If you check out our work from home calculator we explain everything in our FAQ section at the bottom of the page - www.gosimpletax.com/work-from-home-allowance-calculator - I hope this helps - AG

    • @campcop9214
      @campcop9214 3 місяці тому

      @gosimpletax thanks, so we just do that and add it on ourselves to the costs part of the form? No need to have any supporting evidence? Feels like it would be pretty hard to calculate, how many hours your using a room or even how many hours your working full stop. Since at home doing this 100% of the time on and off through the day

  • @telopian
    @telopian 3 місяці тому

    if i run an online business, can i claim self storage as a expense

    • @cameronherd7112
      @cameronherd7112 Місяць тому

      If the storage is for the online business, yes.

  • @davidwithnalll2987
    @davidwithnalll2987 3 місяці тому

    Does one need to be VAT registered to claim back these expenses or are they available to all sole traders?

    • @gosimpletax
      @gosimpletax  3 місяці тому

      Hi David, they're available to all sole traders :) - AG