Questions about expenses [merged]

[NotAllThere]

I think this thread has run its useful course. Locked.

[TheCyclingProgrammer]

Ok I'm going to get the new £999 mac pro 13 from apple store. Can I detect £999 from profit used for CT and then what do I get for deprecation also?

Depreciation is not a tax deductible expense.

[northernladuk]

Ok I'm going to get the new £999 mac pro 13 from apple store. Can I detect £999 from profit used for CT and then what do I get for deprecation also?

Yep.

[ItRYmyBEst]

I've an acquaintance in Nigeria who would love to get in touch with you.

Is he selling catfish ponds for £3k

[stek]

Ok I'm going to get the new £999 mac pro 13 from apple store. Can I detect £999 from profit used for CT and then what do I get for deprecation also?

Fook me....

[ItRYmyBEst]

Colorado tax?

Anyway, it makes no difference. You can cap it and take full CT relief in the first year of depreciation, unless you've exceeded your annual investment allowance (hint: you haven't ).

Ok I'm going to get the new £999 mac pro 13 from apple store. Can I detect £999 from profit used for CT and then what do I get for deprecation also?

[ItRYmyBEst]

If I was selling second hand electrical products I would sell them on eBay, Amazon marketplace or some other place were my full contact details are listed so I would look less like someone handling stolen goods....

thanks guys, the guys gumtree profile has now been removed.

[anthony]

I've an acquaintance in Nigeria who would love to get in touch with you.

(Not relevant but literally LOL at this)

[SueEllen]

Well the guy has almost a decade of posting on gumtree so surely by now he would have been found out.. + he has lots of tv's and other stuff for sale at good prices.

If I was selling second hand electrical products I would sell them on eBay, Amazon marketplace or some other place were my full contact details are listed so I would look less like someone handling stolen goods....

[jamesbrown]

If I cap it, then its not CO tax free then?

Colorado tax?

Anyway, it makes no difference. You can cap it and take full CT relief in the first year of depreciation, unless you've exceeded your annual investment allowance (hint: you haven't ).