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Posted Thu, 17 Nov 2022 15:22:57 GMT by Katie Sambridge
If a capital allowance for a car used by a sole trader is unclaimed in one year (due to taxable income being below the personal tax threshold) can this allowance be carried forward to the following year? Also if a car is disposed of can a balancing allowance be claimed if there is a residual amount left when disposal proceeds are deducted from the carrying amount and can this also be carried forward if not claimed in the year it occurs? Thank you
Posted Mon, 21 Nov 2022 16:48:40 GMT by HMRC Admin 18

Please refer to guidance at:

Claim capital allowances

Thank you.


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