Thank you for your feedback.

Was this useful?

How to enter a private usage for Capital Allowances?

Article ID
ias-12771
Article Name
How to enter a private usage for Capital Allowances?
Created Date
19th April 2018
Product
IRIS Business Tax
Problem
How to enter a private usage for Capital Allowances?
Resolution

To claim private usage please do the following in Business Tax:

  • Go to Edit in the top left-hand corner
  • Capital Allowances
  • A- Maintain Assets
  • Insert Asset on the bottom right hand of this window
  • Enter the details of the Asset
  • Tick Motor Car Rules do not apply
  • OK and close the screen
  • Go to C-Maintain
  • Highlight the Asset
  • Click Change on the bottom right hand of this window
  • Enter the amount for private use

NOTE: – HMRC RESTRICTION – YOU CANNOT CLAIM PRIVATES USE FOR LIMITED COMPANY

Thank you for your feedback.

Was this useful?