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PK2
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Last Activity: 14 May 2022, 11:05
Joined: 31 August 2019
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  • PK2
    replied to Expensing multiple laptops
    Yea exactly! It's not about me expensing or writing off multiple laptops to gain the system, give them away, etc.

    I wanted to know simply what would happen if I were to expense my work laptop now but later decided to upgrade and wanted to convert this one back to personal needs, or sell...
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    Last edited by PK2; 1 May 2022, 09:32.

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  • PK2
    replied to Expensing multiple laptops
    How is it cheeky if I literally need this poor laptop for my work and (like suggested by the other), I expense it at a fair market value, then some time later decide I need to upgrade to a better one for work, so sell this one back to myself at a fair market value so I can use it personally again, give...
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  • PK2
    replied to Expensing multiple laptops
    Well, I already switched some time ago, but every new accountant seems to forget about you with time. Also it got a lot more difficult to get in contact with them after COVID happened. Dread having to go through this again ...
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  • PK2
    replied to Expensing multiple laptops
    northernlad and yourself have essentially said the same thing and have helped me clear the ambiguity around this, so thanks!


    My machine is a Lenovo Ideapad 5 Pro 16ACH6, cost me around £850 last November
    I've started this assignment in February so probably around £750 second
    ...
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    Last edited by PK2; 26 April 2022, 21:28.

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  • PK2
    replied to Expensing multiple laptops
    No just that my accountant is always hard to reach by phone and they don't reply in a lot of detail by email.

    That has made it a lot clear, thanks. I have heard some time ago that computers are subject to a 3 year depreciation rule, and I still have my old 4-year old laptop I've expensed...
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    Last edited by PK2; 26 April 2022, 21:25.

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  • PK2
    replied to Expensing multiple laptops
    Well ok, I got slightly ahead of myself for the sake of simplicity.
    I was going to expense it in the coming days (since I need to start filling in my self-assessment for 2021-22)
    It was bought last November, not a particularly expensive one, I think it was around £850
    • It didn't occur to
    ...
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    Last edited by PK2; 26 April 2022, 12:48.

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  • PK2
    replied to Expensing multiple laptops
    1. That makes sense about buying at a fair market value (since the laptop has been bought some time ago and initially for personal use).
    2. It makes sense being able to expense as many laptops as needed for work, but what if I convert my previous one back to personal use though?
    ...
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  • PK2
    started a topic Expensing multiple laptops

    Expensing multiple laptops

    Forgive me if this has been answered somewhere already, but I can't seem to find the answer to this particular question.

    I'm working on a new IT contract outside IR35
    They've asked me to provide my own computer equipment so I've converted my personal laptop into a work one.
    ...
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    Last edited by PK2; 26 April 2022, 12:10.
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