Sell my Computer to LTD company

**NotAllThere** · 16 July 2008, 11:10

Yes, yes and yes.

**malvolio** · 16 July 2008, 11:48

Well, sort of. You should knock a bit off the price since it isn't new, but no more than £50 or so; it won't havbe lost much value in three months.

As for anything you buy as the company, the only rule is that it should be "wholly and exclusively" for the use of the business (so no plasma screen TVs for the bedroom). It's your business, you decide how it spends its funds. Just don't ever mix up company money and assets with your money and assets...

**Archangel** · 16 July 2008, 12:11

Originally posted by malvolio View Post

Well, sort of. You should knock a bit off the price since it isn't new, but no more than £50 or so; it won't havbe lost much value in three months.

I thought you could fully expense anything exclusively for the company use bought up to 6 months prior to the company being formed.

**malvolio** · 16 July 2008, 12:39

Originally posted by Archangel View Post

I thought you could fully expense anything exclusively for the company use bought up to 6 months prior to the company being formed.

You can, if it was. In the OP's case, I suspect it wasn't; I'm betting it gor personal use before the company was in existence.

It's a fine point, to be fair, and I doubt anyone would actually complain, but equally there's no point in breaking rules to save silly money.

**ratewhore** · 16 July 2008, 12:56

Originally posted by Goodmans View Post

Hi There,

I am a self-employed contractor.

Self-employed? Cool...

**Goodmans** · 16 July 2008, 13:38

Sorry is there something wrong with the Phrase "self-employed contractor"

. Please correct me if I am wrong.

Rgds,

**Sockpuppet** · 16 July 2008, 13:39

Originally posted by Goodmans View Post

And I want to buy one more new computer on Company's name now. Can I keep 2 computers at a time? Laptop is for mobile purposes and Business PC is for non-mobile purposes at office?

Yep. Just make sure it is an office PC.

You'd have a hard time jusifying it if HMRC found it in the kids bedroom or it was a gaming PC. If you really mean "i want a second pc for m family and I want to get the VAT back" then the answer is no.

**Ardesco** · 16 July 2008, 13:43

Originally posted by Sockpuppet View Post

Yep. Just make sure it is an office PC.

You'd have a hard time jusifying it if HMRC found it in the kids bedroom or it was a gaming PC. If you really mean "i want a second pc for m family and I want to get the VAT back" then the answer is no.

The joys of running a GSP as Plan B. I have to be able to log onto all the servers to check everything is working correctly, therefore my business machine needs to be capable of running certain games, and they also need to be installed

**Ruprect** · 16 July 2008, 15:49

Originally posted by malvolio View Post

Well, sort of. You should knock a bit off the price since it isn't new, but no more than £50 or so; it won't havbe lost much value in three months.

As for anything you buy as the company, the only rule is that it should be "wholly and exclusively" for the use of the business (so no plasma screen TVs for the bedroom). It's your business, you decide how it spends its funds. Just don't ever mix up company money and assets with your money and assets...

Only for the office.

Sell my Computer to LTD company