CAptial Allowance

[Manthy]

Hi,

I am wondering if I can claim CA against a laptop that I purchased. I use it for reading documents that are emailed to me and researching articles and doing my business invoices on I'm guessing its used about 40% for business?
Thanks,

 

[penquanash]

Did you buy the laptop specifically for business

 

[Robert Pearce]

A small business would usually be able to get 100% tax relief on a laptop in the year of purchase through the annual investment allowance. However, if you're a sole trader and you only partly use the laptop for business purposes, you'll only be able to claim tax relief on the business use proportion (i.e. 40% in your example). Helpsheet 252 (at the bottom of page five) runs through an example of this.

 

[MyAccountantOnline]

Hi,

I am wondering if I can claim CA against a laptop that I purchased. I use it for reading documents that are emailed to me and researching articles and doing my business invoices on I'm guessing its used about 40% for business?
Thanks,

Yes you can, as Robert mentioned you tax claim relief based on the business usage if you are a sole trader.

 

[Manthy]

Thanks for that, yes I am a sole Trader. I bought the laptop for both purposes business and personal.