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Vhicle purchase, write off and insurance

Posted Sat, 23 Sep 2023 07:15:31 GMT by
Hi How would I record the following in the two tax years 2021-22 and 2022-23? I'm self employed courier, so buy 2nd hand 13 year old van for work in Feb 2022 cost £4200. In Feb 2023 the van is written off and I receive insurance payment of £4000. Thanks
HMRC Admin 32
Posted Mon, 02 Oct 2023 14:01:21 GMT by HMRC Admin 32
Hi,

Please refer to guidance at:

Capital allowances when you sell an asset

Thank you.

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