How do I record equipment my business bought, for capital allowances?

Open Assets, under Money, and check the business at the top of the page. Select New, enter a description, the purchase date and price, choose the asset type, set the business use percentage if you also use it privately, then select Save.

Where to find it in EasyTaxer: Money → Assets

Nothing loads from YouTube until you press play. The video has captions: turn them on with the CC button in the player. You can also watch it on YouTube. The steps below are the text version of this video.

Before you start

If it is a vehicle you might claim mileage on: once capital allowances are claimed for a vehicle, the flat mileage rate can never be used for it.

Step by step

Open Assets, under Money. Assets are recorded per business: check the business at the top of the page.
If it is a vehicle you might claim mileage on, read the note at the top first: once capital allowances have been claimed for a vehicle, the flat mileage rate can never be used for it again.
Select New, then enter a description, the purchase date and the purchase price, and choose the asset type (plant and machinery, or motor vehicle).
If you also use it privately, set the business use percentage, then select Save.
The asset appears in the list for that business and tax year. Use the actions on its row to edit it, record a disposal when you sell it, or delete it.

Steps: the text version of this video

Assets

Assets is under Money. It's where you record equipment and vehicles your business buys, for capital allowances.
Vehicles: read this first

If it's a vehicle you might claim mileage on, read this note first. Once capital allowances are claimed for a vehicle, the flat mileage rate can never be used for it.
Add the asset

Select New. Enter a description, the purchase date and the price, and choose the asset type.
Business use

If you also use it privately, set the business use percentage. Then select Save.
Your asset list

The asset is added to the list for this business. From here you can edit it, or record a disposal when you sell it.

What happens next

Use the actions on the asset's row to edit it, or to record a disposal when you sell it.

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Previous in this playlist: How do I claim business mileage at HMRC's flat rate?
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Checked against EasyTaxer on 9 October 2026. Screens can change between releases; if something here does not match what you see, please tell us.