Just having a discussion with my brother in law this week-end. He was employed all his working life and has the viewpoint that the self employed shouldn't have all their expenses allowed against their income. I have just caught up with a client's accounts and tax returns for four years. Provisional tax returns were done and the client has paid his taxes on estimated earnings. I claimed just enough capital allowances to make the profits come out at the estimated profits because there was a huge profit in 2015. I could have claimed more allowances in earlier years and got the client refunds but the downside would have been 40% tax in 2015. When I mentioned this to him, he as worked in banking all his life, he said it was just another example of creative accounting and said he wasn't allowed to do things like this when he sat his banking exams. As far as I knew I thought capital allowances could be claimed whenever it was beneficial to the taxpayer?