How do I write off small pools in the Capital Allowances grid?
To write off small pools (with a balance of less than £1,000) and claim the allowance, first open the Capital Allowances grid.
SimpleStep mode
- SA100 – Your Work > Self Employment > Short/Full Form – Details > Capital Allowances
- SA800 – Trades or professions for (XXX) > Capital allowances for > CA – Asset Manager
- CT600 (Version 2 form) – CT600 Short/Full > Trade and professional income > Capital Allowances > CA Wizard
- CT600 (Version 3 form) – CT600 Core > Trade and professional income > Capital Allowances > CA Wizard
HMRC Forms mode
- SA100
- Short – Self Employment > Page 2 > Capital Allowances
- Full – Self Employment > Page 3 > Capital Allowances
- SA800 – page 3 > CA – Asset Manager
- CT600
- Short – CT600 > Short > Page 3 and click on the button for Add/Edit Capital Allowance Entries
- Full – CT600 > Full > Page 6 and Click on the button for Add/Edit Capital Allowance Entries.
- Core – CT600 Core > Page 8 and Click on the button for Add/Edit Capital Allowance Entries.
Then follow these steps:
- Select £1,000 or less, write off.
- Enter the total amount that you want to claim.