capital assets, if so how? UK sole trader.
We wonder if any kind person with the relevant knowledge could resolve our concern. We would like to know if the introduction of capital assets can reduce the amount of VAT i.e. bill we should pay, or if capital assets can only be used to reduce tax. If it can be done with regards to VAT an example would be very much appreciated. Anything mentioned we mean on a legal basis.
Many thanks
We wonder if any kind person with the relevant knowledge could resolve our concern. We would like to know if the introduction of capital assets can reduce the amount of VAT i.e. bill we should pay, or if capital assets can only be used to reduce tax. If it can be done with regards to VAT an example would be very much appreciated. Anything mentioned we mean on a legal basis.
Many thanks