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DIY brake pad change, permitted expense?

Posted by Anthony Toop on November 14, 2012 at 4:45pm

I need to change the front brake pads on my Transit and was just wondering if the hours labour to do it myself is tax deductable along with the actual pads, as would be the case for a mechanic/garage to do it?

Im not really bothered about the DIY labour aspect to be honest, just curious how others would consider the deductable/not deductable scenario if say you were doing something more involved like spending several hours servicing your own vehicle! Come to think about it, what about when maintaining/servicing your own equipment, if you spend several hours doing it yourself for say a couple of mowers and a few 2 stroke engines, instead of taking them to a dealer/repair shop, is it still a legit expense if DIY'ed?

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  • PRO
    Brian www.mibservices.co.uk November 14, 2012 at 4:51pm
    I wouldnt think so Anthony, if that was the case we could claim for collecting receipts and giving them to our accountants. Its just part of the unpaid chores we do as self employed. Be great if we could though :-)
  • PRO
    Gary RK November 14, 2012 at 5:07pm
    If you are a sole trader, you and the company are the same thing..so apart from any goods/items used (which are able to be offset and vat claimed - if registered) there is no case for claiming your own time to fix your own business items..or have I misunderstood ?
  • PRO
    Nick @ NM Garden Services Ltd November 14, 2012 at 5:25pm

    You would have to raise an invoice for yourself and then declare the earnings so they would both cancel each other out!

  • PRO
    Gary RK November 14, 2012 at 5:33pm

    That's a far better way of saying what I was trying to....:-)

  • Anthony Toop November 15, 2012 at 8:58am

    Yeh, this is what i assumed was correct, but it popped into my head, maybe creating an invoice from yourself for the work, charged to the business, but not actually paying yourself for it. But i guess as above it kinda all falls in on its self and makes no sense!

    Ahh well, worth a try ;-)



    Nick @ NM Garden Services Ltd said:

    You would have to raise an invoice for yourself and then declare the earnings so they would both cancel each other out!

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