Self Employment Tax Question

[banja]

If (as a sole trader / not ltd) I sell on work equipment after some time of use, that I have previously declared as a capital expense and therefore received tax relief on that purchase, do I have to declare the income from that sale as taxable income?

As you can assume, I don't have an accountant - I don't earn enough to warrant or justify one. I searched for info on this subject but couldn't find an answer.

 

[banja]

I think it depends on said time period? My accountant previously told me that 3 years was acceptable for asset disposal but I go on 4 years now.

Thanks. Good info.