Expenses if you're self-employed
Reselling goods
If you’re self-employed - a sole trader or individual in a business partnership - you can claim allowable business expenses for costs such as:
- goods for resale (stock)
- raw materials
- direct costs from producing goods
You cannot claim for:
- any goods or materials bought for private use
- depreciation of equipment
If you’re not sure whether a business cost is an allowable expense contact HM Revenue and Customs (HMRC).