Sole trader final year

Posted by VRunner PM | on Tue, 15/05/2012 - 16:28 1067 5 comments | report

I purchased approx £3k worth of equipment back in May 2011, which I have used in my part time business (sole trader). I'm now looking to become limited and I've recently been told that I can't claim AIA or any kind of tax relief for that equipment, as I will be ceasing my sole trader-ship.

This will make a large dent in my tax liability - is there anything that I can do to mitigate the burden?

Thanks in advance.

Comments

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Why dent?

Jane Dance | Tue, 15/05/2012 - 17:30

Hi

VRunner | Tue, 15/05/2012 - 20:35

When's the Sole Trader yr end?

Jane Dance | Tue, 15/05/2012 - 21:19

Who has told you that?

David Massey | Tue, 15/05/2012 - 21:15

SOLUTION: Date of ceasing sole trader & drawing up accounts

DMGbus | Tue, 15/05/2012 - 22:44