How to deal with Private Use in Capital Allowances

Introduction

This topic explains how to enter private use for an asset entered in Capital Allowances for a Partnership or Sole Trader.

If entering private use on a car there may be a message stating that the legislation dictates that it needs to be included in the one of the pools unless Private Use is allocated.

Click Yes on this message and click Close.

  1. Click on B - Re-calculate, the message re-calculation displays.

  2. Click OK.

  1. Click C – Maintain. The following screen displays.

  2. Highlight the entry that has just been inserted in A – Maintain Assets and click Change.

  1. The following screen is displayed. Enter the Private Use as a % or a fraction and then click OK.