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• # 77822
• Tue 20 Dec 2011 10:49 AM

Hi,

I am a new student currently studying level 2 manual bookkeeping, and hope to start up my own business once I am qualified.

With this in mind, I have a question I hope someone can answer. Are there any published guidelines, rules, regulations regarding depreciation rates for fixed assets such motor vehicles, buildings, etc.

Thanks in advance for your help.

Helen 

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  Helen
  http://www.lookaftermybooks.com/
  
  

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• # 78096
• Fri 06 Jan 2012 10:52 PM

If you copy and past below link on you internet browsore you will find out about depreciation

http://www.businesslink.gov.uk/bdotg/action/layer?r.l1=1073858808&r.l2=1086692188&r.l3=1086445219&r.s=tl&topicId=1086384131 

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• # 78115
• Sun 08 Jan 2012 02:49 PM

Thanks for this useful link explaining capital allowances, which I now understand to be a form of 'tax approved' depreciation.

I guess in practice the depreciation calculated for accountancy purposes to write off an asset over its useful life would be different to the capital allowance claimed from HMRC, but nevertheless this is useful information.

Thanks! 

• 
  Helen
  http://www.lookaftermybooks.com/
  
  

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  Quote