Are books tax deductible?

[IanIan]

Hi,

Those big expensive computer books... can I put them down as an expense or a capital allowance?

Cheers, I.

[Turion]

Ever thought about asking your accountant

[IanIan]

I'm not answering that question.

[chris79]

Ever thought about asking your accountant

There surely has to be a compromise here.. what's the point in having a section on the board for 'Accounting / Legal' if everyone is going to be replied to with "ask your accountant".

To the original poster - sorry I don't personally know, but I've put training books through my company, don't see why not if they are work related.

[poppy01]

Hi,

Those big expensive computer books... can I put them down as an expense or a capital allowance?

Cheers, I.

Yes

[Archangel]

Put them down as an expense, not cap allow.

[ASB]

Put them down as an expense, not cap allow.

Strictly they are assets and therefore subject to the capital allowances regime. They are not consumed. (Though expensing them is OK since the residual value is effectively nil).

[Bob Jones]

Books are not always allowable - the expense has to be incurred "wholly exclusively and necessarily in the performance of the duties of the employment". If a book puts you in a position to do the job then that expense is not in the performance of the duties - the HMRC view is at http://www.hmrc.gov.uk/manuals/senew/SE32435.htm

Bob

[aceboy]

There surely has to be a compromise here.. what's the point in having a section on the board for 'Accounting / Legal' if everyone is going to be replied to with "ask your accountant".

+1

[Accounting Sage]

yes

Yes there should be no problem in claiming these back