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?
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