Also by capitalising you could benefit from the 100% first year allowance for CT - I am given to understand that computers are considered 'plant and machinery' but do check with your accountant.
I bought a new computer during the period when the 130% super deduction was in force and my accountant made sure myCo claimed it.
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Previously on "Expensing vs capitalising laptop purchases"
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Originally posted by jamesbrown View PostYes, anything that costs that much and has a lifespan of several years should be capitalised and depreciated. Expensing is OK for something worth a few hundred quid and/or with a short operating life.
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Yes, anything that costs that much and has a lifespan of several years should be capitalised and depreciated. Expensing is OK for something worth a few hundred quid and/or with a short operating life.
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Expensing vs capitalising laptop purchases
I normally capitalise monitors,laptops and claim FYA. I engaged an accountant 2 years ago to do my accounts and he expensed a monitor and laptop I purchased. While the total of both were about £1k, I saw the sense in that. Main advantage being that I don't have keep entering depreciation year on year .... into my sage software or adjusting for Tax calculation at year end.
I have decided to pickup a new MacBook to replace my 2012 Macbookpro
So question is would expensing £3.5k laptop rather than capitalisation be out of line? wondering what others do
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