[geefree]

Tosh,

you do your own accounts dont you?...... when you claim for a large expense on your tax return, you claim 50% THEN CARRY THE REST OVER,

where do you keep a record of all things to carry over.

Cheers

Gary

[AuRavelling79]

Tosh,

you do your own accounts dont you?...... when you claim for a large expense on your tax return, you claim 50% THEN CARRY THE REST OVER,

where do you keep a record of all things to carry over.

Cheers

Gary

The only thing Tosh has worth carrying over is Wor Lass. And she's priceless!

As Tosh is asleep perhaps I may offer a view?:-

The guideline is that you should write things down over their useful business life.

So I tend to write down a PC over 3 years (even tho' I might keep it four), a Pole over 2 and a vehicle over 4.

Anything under about £250 I put as a consumable in the year I buy it.

I only have a few things it applies to - so I just jot it on a sheet of paper kept with my yearly accounts.

[geefree]

Thanks mac 

[AuRavelling79]

Thanks mac 

that'd be malc - 

[Tosh]

I'm not hot on capital expenses; the last I had was my estate car which I've split over three years; which I think is correct; but the complicated bit would be if I were to sell it.

I'm only small cheese, so my tax affairs are fairly simple, but I reckon anything under £1000 is easily tax deductable in the year that you purchase it.

But don't quote me. 

[geefree]

did all the basics... let an accountant do the rest was easier... and because GEORGE did all the work he was nice and cheap..

and i can claim his fee back..!

thanks for all your replies.

and sorry Malc.