Expensing vs capitalising laptop purchases

[ladymuck]

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.

[css_jay99]

Thanks all, crystal.

[northernladuk]

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.

This. I do exactly what JB says. Less than 500 expensed, around 500 it depends on what it is and anything above capitalised.

[jamesbrown]

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.

[css_jay99]

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

Thanks