'Buy' back my home PC / laptop for my company

**Robwg** · 4 April 2007, 12:33

You'd probably have to take into account depreciation (which is chronic in PC's).

**The Coal Man** · 4 April 2007, 12:36

Originally posted by Robwg

You'd probably have to take into account depreciation (which is chronic in PC's).

Yep I would, both my desktop and laptop are showing their age, so I guess it wouldnt be a great amount, so the answer would be yes I could do this?

**malvolio** · 4 April 2007, 12:50

No reason not to, as long as the price is realistic. You can't pay yourself £25k for a 5 year old P3 Pentium to save a bit of taxation, for example.

**The Coal Man** · 4 April 2007, 13:03

Originally posted by malvolio

No reason not to, as long as the price is realistic. You can't pay yourself £25k for a 5 year old P3 Pentium to save a bit of taxation, for example.

Cheers - for the advice

**Langkawi** · 4 April 2007, 15:58

I'm probably missing something here but if I wanted to buy my laptop back from me, for my Ltd how do I do that. Do I just write myself a receipt and pay using a company cheque?

Or do I need to use an intermediary? i.e. sell it to a mates ebay shop for £390 and then get my Ltd to buy it for £400.

Sorry, if as I suspect, I'm being dumb here.

Cheers,
Alan

**PAG** · 4 April 2007, 16:11

Originally posted by Langkawi

I'm probably missing something here but if I wanted to buy my laptop back from me, for my Ltd how do I do that. Do I just write myself a receipt and pay using a company cheque?

Or do I need to use an intermediary? i.e. sell it to a mates ebay shop for £390 and then get my Ltd to buy it for £400.

Sorry, if as I suspect, I'm being dumb here.

Cheers,
Alan

Just wirte yourself a letter stating that you are selling IT equipment to your co and write yourself a CHQ from your co a/c.

**xoggoth** · 4 April 2007, 18:09

I believe the money from the sale will count as income, inc being subject to VAR if your are registered. (unless somebody knows different?)

**Sockpuppet** · 4 April 2007, 18:26

Originally posted by xoggoth

I believe the money from the sale will count as income, inc being subject to VAR if your are registered. (unless somebody knows different?)

Would it only be VAT if you bought it off the company. I think they are talking about doing this the other way round. Person -> Company.

**xoggoth** · 4 April 2007, 19:46

Oh yeh. Not reading post properly. Humiliated. Shoots self.

'Buy' back my home PC / laptop for my company