Self Employed full 21 - Depreciation and loss/profit on sale of assets

Depreciation of equipment or cars, and losses on sales of assets are not allowable expenses. If you include an amount here, should also be shown in the 'Depreciation and loss/profit on sale of assets' box on the Disallowable expenses page.

Note: If you claim the trading income allowance, you cannot deduct allowable expenses or simplified expenses, do not enter an amount here.

For more information on the trading income allowance, go to Tax-free allowances on property and trading income.