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Old 3rd August 2016 | 12:27
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tyl3r
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I think you’re possibly confusing depreciation with capital allowances. The first is presented in your accounts and is little more than a vanity figure (although it’ll typically follow a set formula). The second is perhaps more what the tax man is concerned about (https://en.wikipedia.org/wiki/Capital_allowance and https://www.gov.uk/topic/business-ta...tal-allowances). Sounds like you should get a new accountant!
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