Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: NBwcs on May 09, 2010, 01:38:09 pm
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Just wondered whether you include the cost of replacement poles/pumps etc as a capital expense or just claimed for the whole cost. Tax guides are a big vague and say you can claim 100% if cost are relatively small but dont quantify "small". Ive always put them down as a capital expeniture previously, but if others have interpreted differenty, i,ll start doing it the other way. Nightmare getting through to the tax office helpline today, cheers Nick
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Mr understanding is that a capital expense lasts longer and costs more, but where does that put a £400 carbon pole that wears out in a year?
So long as you have some logic, and you are consistent, i think that any decision you make can be justified.
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You can put poles and the like down to equipment and you can claim 100% upto £50000 without the need to write it down.
If though you sell this pole on later then you need to put what you sold if for as income.