u/Sal903

My self-employed (CIS if relevant) partner bought a new works van in the last tax year with own private money, and is a bit unclear as to how this should be declared on the tax return.

I believe it needs to be included in the ‘capital allowances’ section, but he has concerns as he recalls from some years ago there was something to do with depreciating costs.

Is it as straightforward as including the full cost of the van in capital allowances, or is there anything else he should consider?

Many thanks in advance!