Sel-employed - small tools claims

saver6

Hello. I'm attempting to do my husband's self assessment this year for the first time. So far it all seems pretty straight forward as I'm basing it all on the work my accountant did last year, but I have 3 questions, probably very quickly answered.

Towards the end of that tax year we moved to Australia, and in the move it seems that all my husband's tool receipts went missing. I have searched high and low to no avail. I've been through the bank statements and it comes to about 750 quid - made up each of fairly small items (and also includes two hiring charges). The fact I don't have receipts means it's a little hard to identify what each one was (apart from a few - hubby has a good memory). Will this go through ok if I declare we've lost the receipts and that it's an estimate? Is it the right place to put the hiring charges? It's actually likely the real amount was more as he did pay for a few from our joint account, but I'm erring on the side of caution and just including those specifically from his account as they will definitely have been for the business then.

Secondly, do all these small tools count as normal business expenses, or do I put them all under capital allowances and do the sums under those rules? Some of them are very small cheap tools - 15 quid or so, so I don't know if there's a value limit for an asset. Last year's records show the van and only one tool as CA, and all others as Miscellaneous expenditure.

Oh, and one last thing. The van we had was used with funds borrowed from a family member (without interest). We then sold the van for less than we bought it for and paid back the loan (just the value; we were told we could write off the rest of the loan). I'm putting in the CA as per normal, but do I need to declare the loan and then repayment anywhere in the CA or elsewhere?

As soon as I can figure the answers to these out, I can finally submit. Bit scary!

Thanks!