SOA and buying tools for my trade and other professional costs.

jezza63

As im self employed working in the construction industry where on the SOA form do I enter monthly tools for my trade,accountancy fees and other professional costs ?

Willing2Learn

At the bottom of the online monthly expenditure list (ie expenses), you will see the category "Household Emergency Fund (e.g. for repairs)" .

Underneath that, there is clickable button labelled "Add Another"

Keep adding categories until everything is listed.

mwarby

You might want to consult businessdebtline for advice on this. One concern to discuss is how to present requirements for new tools correctly, as the OR will need to be persuaded that the expenditure is legit and not just a way of avoiding an IPA