I have just found this thread. I know it is old but I would appreciate some help.
I am currently working on my husband's self-assessment for the first year of trading and I am struggling with recording a van purchase. I should add that the van was paid for in full at the time of purchase, it is a second hand van and he bought it 2 months before he registered as self-employed.
My questions are these:
1. Do I record the purchase under capital allowance and can I claim 100% of the cost?
2. Is it allowed to claim for a capital purchase before starting trading?
Any comments will be greatly appreciated!!!
All the best,