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Pj

  • Posts: 477
Hot System capital asset?
« on: January 29, 2011, 01:17:52 pm »
What do you think chaps? 

A fitted heater system - capital asset or consumable?

Not going to be worth much in a years time is it?  £3k fitted new, sell on as part of system in a year for £500 maybe?
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andyM

  • Posts: 6100
Re: Hot System capital asset?
« Reply #1 on: January 29, 2011, 03:14:07 pm »
Im definately no accountant but I would of thought a hot system could be classed as an equipment purchase (plant and machinery) under AIA and would be 100% tax deductable.
Maybe someone can confirm this?
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One of the Plebs

Pj

  • Posts: 477
Re: Hot System capital asset?
« Reply #2 on: January 29, 2011, 07:12:09 pm »
What do you hot users say?
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Chris Cottrell

  • Posts: 3162
Re: Hot System capital asset?
« Reply #3 on: January 29, 2011, 10:34:16 pm »
Pj

I put both my heaters down as equipment (consumable) my accountant didnt pick me up on it so must have gone through no probs

Like you said there not going to have much of a resale value in a years time
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Pj

  • Posts: 477
Re: Hot System capital asset?
« Reply #4 on: January 29, 2011, 10:56:34 pm »
Thank ya ol boy ;)
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♠Winp®oClean♠

  • Posts: 4085
Re: Hot System capital asset?
« Reply #5 on: January 29, 2011, 11:41:40 pm »
Quote from: AJM on January 29, 2011, 03:14:07 pm
Im definately no accountant but I would of thought a hot system could be classed as an equipment purchase (plant and machinery) under AIA and would be 100% tax deductable.
Maybe someone can confirm this?

Agree with this post. ;)
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