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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Pj on January 29, 2011, 01:17:52 pm

Title: Hot System capital asset?
Post by: Pj on January 29, 2011, 01:17:52 pm

What do you think chaps? 

A fitted heater system - capital asset or consumable?

Not going to be worth much in a years time is it?  £3k fitted new, sell on as part of system in a year for £500 maybe?

Title: Re: Hot System capital asset?
Post by: andyM on January 29, 2011, 03:14:07 pm

Im definately no accountant but I would of thought a hot system could be classed as an equipment purchase (plant and machinery) under AIA and would be 100% tax deductable.
Maybe someone can confirm this?

Title: Re: Hot System capital asset?
Post by: Pj on January 29, 2011, 07:12:09 pm

What do you hot users say?

Title: Re: Hot System capital asset?
Post by: Chris Cottrell on January 29, 2011, 10:34:16 pm

Pj

I put both my heaters down as equipment (consumable) my accountant didnt pick me up on it so must have gone through no probs

Like you said there not going to have much of a resale value in a years time

Title: Re: Hot System capital asset?
Post by: Pj on January 29, 2011, 10:56:34 pm

Thank ya ol boy ;)

Title: Re: Hot System capital asset?
Post by: ♠Winp®oClean♠ on January 29, 2011, 11:41:40 pm

Quote from: AJM on January 29, 2011, 03:14:07 pm

Im definately no accountant but I would of thought a hot system could be classed as an equipment purchase (plant and machinery) under AIA and would be 100% tax deductable.
Maybe someone can confirm this?

Agree with this post. ;)