Tax break on buying a personal PC?

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TheFaQQer replied

9 January 2009, 14:48
Originally posted by wurzel View Post

...and what if you're caught by IR35? IIRC you can only claim 5% of all income for these kinds of expenses.

I thought you could claim back up to 5% of income for business expenses, not for whatever you claimed for personally.

You can buy it for the company, and it's a company asset. But buying it out of gross salary as a personal asset - I don't think that's possible these days whether you are inside IR35 or not.
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tim123 replied

9 January 2009, 14:33
Originally posted by d000hg View Post

Following on from the bike thread, when I was a permie they ran a scheme where you could buy a PC out of your gross salary, as long as you signed a few conditions: agree to use it for work if required, must pay the tax if you leave the company within 3 years, etc.
The conditions don't seem an issue, but can I do it and is it worth it?

If it's what I think it is, HMG withdrew this scheme because some companies abused it.

tim
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wurzel replied

9 January 2009, 11:59
Originally posted by TheFaQQer View Post

The government stopped this being worthwhile a few years ago.

...and what if you're caught by IR35? IIRC you can only claim 5% of all income for these kinds of expenses.
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ChimpMaster replied

9 January 2009, 11:52
Originally posted by TheFaQQer View Post

The government stopped this being worthwhile a few years ago.

As with many other things in life.

In many ways, it's not even worth working any more in this country.
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TheFaQQer replied

9 January 2009, 11:47
The government stopped this being worthwhile a few years ago.
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moorfield replied

9 January 2009, 11:31
You can by a PC for yourco. It's a fixed asset so you allow for depreciation against your CT.
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d000hg started a topic Tax break on buying a personal PC?

9 January 2009, 11:28
Tax break on buying a personal PC?

Following on from the bike thread, when I was a permie they ran a scheme where you could buy a PC out of your gross salary, as long as you signed a few conditions: agree to use it for work if required, must pay the tax if you leave the company within 3 years, etc.
The conditions don't seem an issue, but can I do it and is it worth it?
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