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Sandy Robertson
Level 1

Expences

2 questions.

1. My Husband loaned me some money for the business. I am now paying him back monthly can I claim this back on my expense's. 

2. I purchased a work van on finance, do I claim this back as capital gains with it being an expensive item. 

Many thanks

1 REPLY 1
GeorgiaC
QuickBooks Team

Expences

Hi Sandy, 

 

Thanks for joining the Community. You can see the costs that you can claim as allowable expenses for your business if you're self-employed here. Capital gains relates to a type of tax that you pay on the profit of an asset if it's increased in value when you sell it. We recommend reaching out to your bookkeeper or accountant for support if you're needing any further guidance on this. If you don't have an accountant, we can help you find one near you

 

 

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