Random hypothetical question - second hand value of power tools

[Vonhelmet]

Yeah, WTF, but I could do with some estimates...

Imagine you're an electrician. You buy a power drill for £100 and a tool box for £25. You use them for 4 months. Then you decide to sell them. How much do you get for them second hand?

 

[Vonhelmet]

errrrrr depends what tool it is and what make?

The sort of drill that costs £100. I don't know. Just need a guestimate.

Strange question lol

Yep.

 

[Vonhelmet]

You crazy tax people and your questions.

I'd say it would depend quite heavily on the wear to the items, comparatively you'd expect the toolbox to lose less in percentage terms as it's less likely to wear out through ill-usage or even just normal usage. With most secondhand goods I'd guess at between 2/3 and 3/4 of the new price as being fairly reasonable but as mentioned it will depend on the usage.

Haha, yep, it's actually a tax related question.

Cheers for the input - looks like I'm on the right track with my estimates.

 

[Vonhelmet]

Worst "I've just robbed a van" thread ever.

It said "No tools left overnight", but I had to check to be sure.

 

[Vonhelmet]

Deemed disposal?

Yep. Deemed disposal on cessation of trade.