Hiring tools or equipment for a job is a direct business expense, fully deductible in the tax year you pay it. No capital allowances needed. It is not a purchase.
Common questions
Can I claim the cost of hiring a cement mixer for a job?
Yes. Plant and equipment hire is a revenue expense. Keep the hire invoice and match it to the job.
Watch out for
—Long-term hire agreements where you own the item at the end (hire purchase) are treated as a purchase for tax purposes, not hire.