What are 'Capital Allowances - non-specified relief' on tax return

edboard

Hi,

I am completing the Form 11 tax return. What would be considered under the section:

Capital Allowances for the year 2014 - (i) Non-specified relief capital allowances

Thanks

Ed

Alan Shore

Broadly speaking non specified capital allowances are your routine capital allowances on plant and machinery or motor vehicles.

Specified reliefs are generally property related capital allowances.

edboard

Thanks for your response Alan. Last year my accountant put value in here in relation to a property I rent out, now I am doing my own tax return I can't figure out what this might have been. Can you think of what might go in here in relation to a rented property? Is this in relation to capital purchases or depreciation of capital items?

Thanks,

Ed

barneystinson

edboard wrote: »

Thanks for your response Alan. Last year my accountant put value in here in relation to a property I rent out, now I am doing my own tax return I can't figure out what this might have been. Can you think of what might go in here in relation to a rented property? Is this in relation to capital purchases or depreciation of capital items?

Thanks,

Ed

So basically what you're saying is, "ohhhh so that's why I was paying an accountant "....