Hello
I purchased computer hardware for £1,000 during the 2010/11 tax year, and recorded this as an asset in Solar.
When I completed my 2010/11 SA tax return, I claimed £1,000 for this under the annual investment allowance scheme.
How do I record this in Solar? If I depreciate the asset, I will effectively be claiming tax relief again during the next tax year.
Thanks
Greg
Hi Greg,
Just record the depreciation transaction dated on the last day of your previous financial year. See this page for details of how to record depreciation:
http://www.solaraccounts.co.uk/help/how-to-record-depreciation-of-an-asset.php
Regards,