Motor expenses and Form 11 E

C

cash_cow

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Hi,

Can somebody explain the difference between section 129 & 148 in the Form 11E. They are both for motor expenses but I'm not sure what the difference is here.


Expenses and Deductions [126 - 133]

129. Motor, Travel and Subsistence

Adjustments made to Profit/Loss per Accounts [148 - 152]

148. Motor Expenses
 
Panel 129 is where you enter the amount of motor, travel & subsistence as recorded in the accounts.

Panel 148 is where you adjust (i.e. add back) for the personal element of these expenses.

Obviously if in your accounts you have only recorded the legitimate business expense rather than all of your motoring costs, then you won't have any adjustment at box 148.
 
Thanks Mandelbrot,

So is the following example correct if I have a business motor cost 1000 and personal motor cost 2000

Panel 129 I complete with my business motor costs i.e. 1000
Panel 148 I complete with my business & personal motor cost i.e. 1000 +2000=3000
 
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