Capital Allowances - Depreciation or AIA For The Self Employed? | TaxTalk

[@zhunussovagulim7252]

Hi, Just wanted to clarify about 18% depreciation. Does it mean it is the Writing Down Allowance not the depreciation we calculate in the Balance Sheet?

[@TaxTalkUK]

Thank you for watching! Yes on the self assessment tax return, which may differ from your balance sheet

[@bettyv.1960]

Is it always 18% rate for depreciation?

[@TaxTalkUK]

Only for the main pool, here is the guidance on the rates www.gov.uk/work-out-capital-allowances/rates-and-pools