Capital Expenditure - Contractor UK Bulletin Board

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Elberto replied

13 November 2008, 15:33
Thought so. Thanks for the help
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QwertyBerty replied

13 November 2008, 10:10
Your laptop will be a company asset against which you can claim capital allowance / AIA.

QB.
Leave a comment:
Elberto started a topic Capital Expenditure

12 November 2008, 15:21
Capital Expenditure

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
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