Self Employed – Depreciation

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  • #39426
    liffe
    Participant

    There is ‘Depreciation on intangible assets’ listed on some accounts we have received. Can we allow this or not?

    #112097
    Kevin D
    Participant

    No. HBR 38(5)(b).

    In anticipation of it being argued the depreciation is not in respect of a “capital asset”, it would still not be allowable as it is not an ACTUAL expense for benefit purposes.

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