My client has made a very small profit for the year..£5900 ish. He bought an IPAD which i have added back in the accounts and capitalised. I dont want to claim 100% of it in this tax year as I dont need it. Can I claim say 20% this year (enough to avoid class 4) and carry the rest forward? he has no other assets.
Thanks in advance
Replies (4)
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yes
but was the cost sufficientr to be worth capitalising? - don't forget personal use %.
Boys toys..
I've installed a new kitchen for less (remember MFI?)...
I would always disallow 5-10% just to be safe.