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Hi Highrover, thanks for joining the Community

In general, loan repayments can be categorized under Repayments of loan/overdraft.

Please note that you can claim capital allowances if you purchase major assets that your business will use over several years. You can usually deduct the full cost of these items from your profits before tax.

Some items that can’t be claimed as an allowable expense on your Self-Assessment but can be claimed as capital allowances, include plant and machinery (including vans and cars). 

Claiming capital allowances on some items, such as a vehicle, means that you cannot make a claim for the same item under simplified expenses. 

If you need further guidance, we'd recommend contacting your bookkeeper or accountant for support. You can also check out our online guide on how to categorize transactions in QuickBooks Self-Employed. 

Thanks for your post. 

Can any step thought HOW to add /claim capital allowances on some items e.g. a vehicle within the Quickbooks Self Employed software (UK)?

In QuickBooks Self Employed which has an automatic import from the bank statement feed set up, how should you categorise a van purchase lump sum to reflect that it is a disallowable expense? Should this be (a) Uncategorised (b) Car/Van expense (c) Other business expense (d) something else? 

Hi Lena, thanks for joining this thread. There isn't a function to track capital allowances in QuickBooks Self-Employed; QBSE covers boxes 15-46 on the self-assessment full form (SA103F), whereas typically, you'll need to claim CA in boxes 50-59. 

We're unable to advise on specific categories to use as this falls under accountancy advice; please contact your accountant or tax advisor for best practice if you're unsure. 

Please note, if using the pence per mile method to claim mileage allowance (by entering miles on the mileage section of QuickBooks), any expense categorised as Car/van will be disallowable.