Capital Expenditure

[Elberto]

Hi guys,
I have recently set up my own Ltd company and am a bit confused when it comes to defining capital and revenue expendtiure.

I know revenue expenditure is normally things like repairs and capital expenditure are things like new printers and machinery.

So if my company buys a car it is classed as a capital expense and is added back (after deducting capital allowances) to the corporation tax calculation.

If the above is right does the same thing happen if my company pays for a laptop?

Thanks

Rob

[QwertyBerty]

Your laptop will be a company asset against which you can claim capital allowance / AIA.

QB.

[Elberto]

Thought so. Thanks for the help