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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
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 £600Year two write down £150 (25% of £600) balance £450Year three write down £112.50 (25% of 450) balance £337.50etcNow 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.