[SherwoodCleaningSe]

Brought a new computer this year.  Can I claim for it against tax and if how.  Do I have to claim a percentage or can I claim the whole lot this tax year?

Simon

[scrimit2]

Hi, Im no expert, but I claimed for both my pc's other the years, the 1st one cost £1300, it was before I had an accountant, I put 100% through in one year, when I got an accountant he said technically the value should been spread over the years I expect to use it.

now the percentage of the initial value would depend on business use, like if you use it 80% for business and it cost £500, you could put £400 of the value though.

I hope that helped

Scrimit

[Paul Coleman]

Brought a new computer this year.  Can I claim for it against tax and if how.  Do I have to claim a percentage or can I claim the whole lot this tax year?

Simon

My accountant does offset a proportion of my computer agasinst tax but I don't know what proportion he allows.  I know that's a bit sloppy of me not to know.  Another thing to go on my "things to ask accountant" list.  For a few years, whatever proportion of a computer you decided to offset against tax, you were allowed to offset that entire amount in the year of buying the computer (to encourage IT usage).  I think that changed at some point though and it reverted to being a normal capital item where the offsetting had to happen over several years.

[Roy Harding]

Computers are claimed as capital items 40% of a new one in the first year and 25% of the remaing balance every year till no balance.

I went to the local tax office and asked for a few clarifications on this.

Roy

[marc al]

  I was under the impression that you go 100% tax relief on any computer items.

[AuRavelling79]

Capital stuff (PC/Printer/software etc) 40% in year one, followed by 25% of the reduced balance in subsequent years and if you do sell it rather than bin it you would have to put the proceeds of the sale as income so, e.g.:-

PC package £1000 year one write down £400 (40%) balance £600
Year two write down £150 (25% of £600) balance £450
Year three write down £112.50 (25% of 450) balance £337.50
etc

Now in year four (balance on books £337.50) if you sold it for say £250 you could claim £87.50 against tax, but if you sold it for say £400 you would have £62.50 income.

Computer consumables etc - cartridges, stationery, repair work, training etc = 100% write down.

[Roy Harding]

Capital stuff (PC/Printer/software etc) 40% in year one, followed by 25% of the reduced balance in subsequent years and if you do sell it rather than bin it you would have to put the proceeds of the sale as income so, e.g.:-

PC package £1000 year one write down £400 (40%) balance £600
Year two write down £150 (25% of £600) balance £450
Year three write down £112.50 (25% of 450) balance £337.50
etc

Now in year four (balance on books £337.50) if you sold it for say £250 you could claim £87.50 against tax, but if you sold it for say £400 you would have £62.50 income.

Computer consumables etc - cartridges, stationery, repair work, training etc = 100% write down.

Spot on Malc 

Roy