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Where Taxpayers and Advisers Meet

laptop or no laptop?

Posts: 18
Joined: Sun Jun 09, 2013 7:52 pm

laptop or no laptop?

Postby keaton » Tue Jan 06, 2015 3:15 am

A question I've seen answered a few times, each with different answers. I plan to buy a laptop for my business, that would be 100% for my business (I would use my tablet for my own stuff) but am unsure whether I can claim this as a expense? The answers across the internet very from-

1, I can claim the money back over the life of the laptop, for example £400 ÷3.

2, I can claim a percentage of the cost at around £80 for a £400 laptop.

3, I can claim the whole amount in the first year as its a 'capital allowence'

Anybody know which is the correct and legal answer.

Also does it matter that i'll be using the new simplified cash accounting rules?

Posts: 633
Joined: Fri Dec 05, 2014 1:18 am

Re: laptop or no laptop?

Postby GlobalTaxAdviser » Tue Jan 06, 2015 10:14 am


Claim the Annual investment allowance in the first year

Kind Regards


Posts: 6538
Joined: Wed Aug 06, 2008 3:22 pm

Re: laptop or no laptop?

Postby King_Maker » Tue Jan 06, 2015 10:37 am

Under the (voluntary) new simplified cash accounting rules, you should be able to treat the purchase of the laptop as an expense.

If you are needing a mortgage in the near future, you may want to check that you prospective lender will accept such accounts.

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