Capital Allowances v Depreciation

Do you ever wonder why you seem to pay tax on a different amount of profit than your accounts show? One common reason is the way that expenditure on fixed assets is treated in a different way for tax than it is for accounts. This video gives some explanation, using the purchase if a van as an example.

Welcome to Basic Financials! My aim is to teach the world about the basics of finance. As something that is not taught well enough at school, my aim is to educate people into financial literacy, and hopefully save you some money along the way! If you have any questions or video suggestions, put them in the comments section below and I will do my best to get back to you! #basicfinancials #finance #money