Running costs v Captial Purchases

[BigM]

So we have our first two bookings for our holiday let in Devon this month. We are remote landlords, so using a letting agency who seem to be on the ball.

I am looking at doing the accounts myself as part of my annual self-assessment - I work part-times self-employed. Is there a list anywhere which distinguishes between what would be seen to be a running cost (I imagine toilet rolls and the like) and what would be capital expenditure? I may yet get an accountant to help, but I do have the time to do the accounts myself - I could just do with finding a training course or guide.

[e-richard]

Just a quick answer. I have histroically found the HMRC website very helpful - when you can eventually find the right documents.

One way to find the docs is to do a dummy run online self assessment, and at each step of the way, you get links to help pages. You do not have to complete the assessment and can go back and change it completely at any time up to clicking "submit"