Capital Allowance for shed/cabin

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hairylairy
hairylairy Registered Posts: 22 New contributor 🐸
in General accounting discussion
My client, a sole trader, has bought a wooden shed/cabin and put it up in his garden. It's to store tools and stock. He's a self employed plumber and works from home. Can I call it equipment and claim capital allowance on it. It cost £4000.

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  • RAKTHER
    RAKTHER Registered Posts: 28 Regular contributor ⭐
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    Hi hairylairy,

    You can put the expense as a capital allowance because your client is a sole trader and works from home.

    RAKTHER
    Training Coordinator, Osborne Training.
  • douglasstroud
    douglasstroud Registered Posts: 295 Dedicated contributor 🦉
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    Is it movable?
    No personal use?
    Plumber works from home so does everyone bring their plumbing to them?
    I think there is a lot more to look at than just because they are a sole trader then it can be claimed!
  • hairylairy
    hairylairy Registered Posts: 22 New contributor 🐸
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    It's not movable and no personal use. Used to store tools and materials bought to fit in his client's own home.
  • douglasstroud
    douglasstroud Registered Posts: 295 Dedicated contributor 🦉
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    If it’s not movable then not sure how CA can be claimed, maybe for the fixtures and fittings inside but not the structure.

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