One Man Band LTD co - Would you put new PC through the books?

marktruman

marktruman

marktruman

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Various accountants have various definitions of whether this is allowed. I work from home, online web design and affiliate marketing. I have a LTD company, just me

I'm planning to build a brand spanking new PC, circa around £1.5k. I'm tempted to buy it through limited company for tax saving. The problem is the personal use on the item, however, no PC.. no work, no money, no income, no ltd company

would you guys do it?
 
I know nothing of the law etc but I would have thought hell yes. You're buying it to do work, personal use is in addition to that. Same reason you could put a phone contract through etc.
 
If you were a carpenter trying to run a £1500 PC as a business expense, it'd look sus but given it's IT work, I don't think you'd have any issue.

Don't forget that new smartphone and tablet you need to check mobile compatibility with.
 
Skidder said:
A very cautious account would estimate a chunk for personal use.
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Yeah, lets be honest, it will mostly be used for personal stuff, however I'm not sure HMRC are going to be able to prove that its not.. Unless they came and watched me 24 hours a day

but, you never know with the HMRC
 
I put new phones and computers through as expenses, the whole personal use thing is a bit ridiculous really, if you are using it for business you need to buy it, personal use is not here nor there as far as I am concerned, it makes no sense to waste the item by not also using it for personal stuff and hmrc can not monitor what you are using it for unless they have put cctv in your house.
 
Energize said:
I put new phones and computers through as expenses, the whole personal use thing is a bit ridiculous really, if you are using it for business you need to buy it, personal use is not here nor there as far as I am concerned, it makes no sense to waste the item by not also using it for personal stuff and hmrc can not monitor what you are using it for unless they have put cctv in your house.
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is that the phone cost + contract cost?
 
You can put pretty much what you want through. If you see clients you need a car for that. You can't put the full cost of the car through as it's for personal use as well but your accountant should be telling you this not random people on a forum
 
Don't ask "various" accountants....ask your accountant, that's who matters. Despite the PC also being used for personal stuff it is also used in order for you to conduct your business so you should put it through as a percentage of the business use.
 
marktruman said:
I'm tempted to buy it through limited company for tax saving. The problem is the personal use on the item, however, no PC.. no work, no money, no income, no ltd company

would you guys do it?
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It's risk vs reward. Is the tax saving worth the possibility of flagging your books? If an item is for personal use, then a portion of it should be deemed so and carved out.

Gixer said:
I can't recall the reasons why but a contractor where I work was told by his accountant to spend at least £2.5k on a build to allow something to happen to do with tax.
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I assume this was for flat rate VAT purposes, invoices over 2k don't come under normal flat rate VAT rules and as such you can claim the VAT back on them.
 
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