How to enter Capital Allowances
Creating an Asset
1) Please browse to the Capital Allowance section of the return.
2) Click on the Capital Allowance Calculator
3) Use the menu to the chose a category for the asset .i.e. General Pool, Special Rate Pool, or
Non-Pooled. Then click Add Asset
4) Give the asset a description and select an asset type from the drop down menu. You will
need to enter the date the Asset was purchased and the purchase price. If you are
attempting to claim AIA/FYA the Date acquired will need to be within the accounting period
5) If you would like to claim AIA/FYA tick the relevant box, then press save & close. If you are
not claiming AIA or FYA then the Writing Down Allowance will be claimed at either 8 or 18%.
Entering Pool Totals/ Restricting Capital Allowances (Pooled Assets)
1) Please browse to the Capital Allowance section of the return.
2) Click on the Capital Allowance Calculator
3) You have an Edit Field that you can tick to override the different Total values if you do not
wish to enter detailed breakdown of each asset.
4) Allowances will automatically be calculated at the appropriate rate, however if you would
like to restrict the allowance you can do so by clicking on the edit box reducing the value.
Entering/ Restricting Capital Allowances (Non Pooled)
1) Please browse to the Capital Allowance section of the return.
2) Click on the Capital Allowance Calculator
3) Select Non-Pooled Asset from the drop down menu, Add Asset, and then give the asset a
description. You will need to enter the date the Asset was purchased and the purchase price.
4) If you are attempting to claim AIA/FYA the Date acquired will need to be within the
accounting period.
5) If the asset was purchased before the accounting period you can also enter the WDV
brought forward. To do this you will need to tick the edit box and manually make an entry
the WDV B/fwd.
6) Scroll down and you will get the option to select the rate of WDA applicable to this Asset.
There will be a dropdown box labelled “Claim WDA rate”: Select Main for 18% and Special
for 8%
7) To restrict the allowances click on the Assets Summary
8) You have an Edit Field that you can tick to override the certain values.
9) Allowances will automatically be calculated at the appropriate rate, however if you would
like to restrict the allowance you can do so by clicking on the edit box reducing the value.
Entering a Private Use Adjustment
You can only enter Private Use on Assets held by Sole traders and Partnerships. If you would like to
make a Private use adjustment you will also need to ensure that the asset has been set up as a NonPooled Asset.
1) Please browse to the Capital Allowance section of the return.
2) Click on the Capital Allowance Calculator
3) Select Non Pooled Asset from the drop down menu, Add Asset, and then give the asset a
description. You will need to enter the date the Asset was purchased and the purchase price.
4) Scroll down and you will get an option to enter a private use percentage. The software will
then make the relevant adjustment to the WDA based on this percentage of Private Use.
Disposing of an Asset in the Pool (Balancing Charges/ Allowances on Pooled Assets)
1) Please browse to the Capital Allowance section of the return.
2) Click on the Capital Allowance Calculator
3) If you have entered a detailed breakdown of each asset in the Pool you can enter the
disposal of each asset separately.
4) Select the correct Pool from the menu on the left hand side of the screen and highlight the
asset you are disposing of.
5) Scroll down and you will get a field to enter the date the asset was sold and the disposal
proceeds.
6) If you do not wish to enter the disposals separately you can enter the disposal total for the
entire pool via the Summary
7) Click on the Pool Summary
8) Scroll down and enter a tick in the edit field next to Disposals. You can then enter the
disposal value.
9) Please note that disposing of a pooled item will not necessarily give rise to a balancing
allowance/balancing charge. You will only get a balancing charge if the value of your disposal
is greater than the remaining pool balance. If you dispose of all of the Assets and there is still
a balance remaining you will continue to get WDA generated based on the value remaining
in the pool.
10) See Help Sheet 252 for more information on the rules regarding Capital Allowances:
https://www.gov.uk/government/publications/capital-allowances-and-balancing-chargeshs252-self-assessment-helpsheet/hs252-capital-allowances-and-balancing-charges-2015