Capital allowance, car written off

johnjoiner

I was unfortunate enough to be involved in a car crash (other persons fault) and the car I used for my work was written off, the insurance paid out £6,200 and I bought another for £4,576. I was wondering if anyone could help me with the filling of the capital allowance section of the self assessment form, it might be simple for some people but I just can't get my head around what figure goes in what box. Any help would be greatly appreciated.

purdyoaten

What was the carry forward figure for the old car and the cO2 emissions for both cars.Also need the purchase dates of both.

johnjoiner

the carry forward figure for the old car is £2,365, thanks for the reply

johnjoiner

Sorry I didn't see your edit, the new car was bought in December 2012 and the co2 is 139, the old car was bought in march 2007 and the co2 was 156. I don't know if this is relevant but this if for my self assessment 2012/2013

johnjoiner

My apologies for the mixed up replies

zygurat789

Old car b/f 2365 proceeds 6200 (really) balancing allowance (taxable profit) 3835.
New car cost 4576 wda @18% 824 c/f 3752

johnjoiner

I've probably answered the questions incorrectly, the car that was written off was bought for £12,962 in march 2007 and the co2 emissions were 156, the carry forward figure for the capital allowance purpose is £2,365 for the year 2012/2013, the market value for the write off was £6,200. I bought the new car for £4,576 in December 2012 and the co2 emissions are 139

purdyoaten

zygurat789 wrote: »

Old car b/f 2365 proceeds 6200 (really) balancing allowance (taxable profit) 3835.
New car cost 4576 wda @18% 824 c/f 3752

Typo - balancing charge. i.e. negative capital allowances

New Car - as stated.

johnjoiner

I can't thank you both enough.
After all the great help I thought I better get up to speed with a better understanding of certain parts of the self assessment form and it turns out I have been miscalculating my carry forward figure for my car since 2008 when it dropped down to 20%. I was calculating it using the 25% as it was before 2008 and that how I came up with the total of £2365 for the tax year 2012/2013. Should I get in touch with the tax office or will it work itself out because I'm taking a far bigger hit this year