Recent content by Robert Elliott

  1. R

    Do I need to get vat registered?

    Thanks for your reply. The last 12 months have been manic and I hate to admit I have no books. I had a house fire last March which gutted everything and we spent 12 weeks in a hotel. And 4 weeks living in our living room. To add insult to injury my wife and I had several separations and then...
  2. R

    Do I need to get vat registered?

    Hi all. This year has been pretty hectic. Im a sole trader, Bricklayer with a couple of apprentices My turnover is looking at getting well over £85k. In the past I have filled in my own self assessments and done my own accounting as my turnover has never really been over £45k. As the...
  3. R

    How profitable is it to buy house to let?

    Here in Sheffield there are a few areas with high slovakian populations. In these areas houses sell for £50-£60k and command a rent of £400 + Although there are a few hurdles to successfully managing a property in these sort of areas. Once you get over these (mainly culture) hurdles, It's a...
  4. R

    Hire purchase sole trader

    I'm not vat registered. Also I would have liked to own the vehicle at the end. Really struggling to weigh up whether it is worth the expense? If I lease can I only claim back the monthly payments or the whole sum again?
  5. R

    Hire purchase sole trader

    Great. I currently do my own tax returns and have had my van stolen. Loocking to get something new and had never considered hire purchase. Using the AIA option on hire purchase seems like a great option. I have had a bumper year too so it will also help bump up my expenses. Thanks for your help.
  6. R

    Hire purchase sole trader

    Thank you for your reply. That's good to know. I assume this would then lower my taxable profit and mean i pay less tax? Thanks again.
  7. R

    AIA please explain

    Could you still claim the full 20k even if it's on finance? Or would you use he sum of your monthly repayments from that tax year (minus interset?)
  8. R

    Hire purchase sole trader

    I have had a search around the site and there seems to have been a lot of similar questions asked but no clear answer. - If I buy a van for £20,000 On hire purchase, how much can I claim for as annual investment allowance? Do I use the £20k figure or monthly payments minus interest? Just...
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