paul scott

Brilliant, thank you

My son is a sole-trader and purchased a horse lorry in the last tax year. He used £8500 of his own savings and had a loan of £10,000 from me which he is paying back. I'm pretty confident that all of his costs and fuel can be included in his expenses but how is the initial purchase and the loan shown on his tax return plus can he also depreciate the vehicle value over x years.