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Posted Thu, 05 Sep 2024 22:46:58 GMT by The girl From mars
Thanks in advance for any advice. I started as a sole trader working from home in mid March 24. I didn’t exceed the trading allowance (made a loss) but did buy equipment and goods for the business in the previous months. I’m also employed full time. I’m hoping to purchase an electric van soon in the 24/25 tax year. Can I include everything in the 24/25 year or will I have to complete the 23/24. Ty
Posted Fri, 13 Sep 2024 08:50:52 GMT by HMRC Admin 25 Response
Hi Kim Taylor,
As these would be seen as start up costs, you can include them in 24/25.
Please see further help here:
Expenses if you're self-employed
Thank you. 

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