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Apple Watch

I wonder if I can count the purchase of an apple watch as a tax deductible expense.  Seeing as i only ever receive business text messages, emails and phonecalls.  Also, the watch would help me to see my diary appointments more efficiently.  what do other OPs think?

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12th Apr 2015 00:26

Sure you can
But I expect that you'll also include it as an asset available for private use on a p11d?

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12th Apr 2015 07:45

Why Not?

I fail to see how a device that is primarily concerned with the transmission and storage of information could fail to be regarded as a legitimate tool for any business activity.

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12th Apr 2015 18:38

Is it worth buying?

https://www.youtube.com/watch?v=noZAqbn92gM

Terrible value for money. I bought Galaxy Gear 1st version a few months back only for £112 from Amazon.

From day 1, people ask me about the watch. It is a good watch. I think it is better than the Apple watch, with all the girly stuff taken off.

 

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12th Apr 2015 20:23

I wouldn't expect anything less

I agree, it's terrible value for money, but it's new technology, it's Apple, it's going to be in high demand, and besides.....they simply can.

The critics seem to expect it to replace their phone, it's never going to do that unless you fancy having a huge phone wrapped around your wrist, it will only ever be a compromise due to its size. But it does have some cool stuff on it, even if it is a cut-down version of phone functions.

Is it worth buying? Probably not (even with 20% corporation tax relief). Nevertheless I'll be buying one, primarily because it will stop me (at least for a year or two) from spending at least 10x that amount on a Tag watch I quite fancy!

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By neileg
13th Apr 2015 10:33

Why TAG?

Sheepy306 wrote:

 Nevertheless I'll be buying one, primarily because it will stop me (at least for a year or two) from spending at least 10x that amount on a Tag watch I quite fancy!

TAG, pah! I bought a second hand Rolex 35 years ago. It's now worth 10 times what I paid and has only needed servicing once in my ownership.

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12th Apr 2015 20:33

In Android terms

It is not so new technology. Most of the functions are on the Gear. Though Apple are very good at bringing style to anything they touch. This is not to say there is anything hugely wrong with the gear.

When Apple brings a single new function, they market it to death. Samsung just throws new functions at you in the hope you will like a few of them.   

The key difference is Apple superb marketing and PR. Even my three year old niece asks for iPad. 

You are right Sheepy306, it will sell. I think it will exceed Android sales. 

 

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13th Apr 2015 10:48

Tag - because they look great, simple as that

A good investment by the sounds of it, although I rarely take the conservative sensible option myself.

Second-hand?  Probably looks good though when you're driving your Silver Ghost with your pipe and flat-cap on a Sunday afternoon :-)

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By neileg
13th Apr 2015 10:56

Nah!

Blower Bently and a flying helmet...

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By JC
13th Apr 2015 15:29

Might have to budget ....

for more than the purchase price of the watch

http://betanews.com/2015/04/10/apple-thinks-apple-watch-customers-are-co...

 

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By Glennzy
13th Apr 2015 16:23

are the workings all the same

and the price difference is purely down to what case and strap you get on them as the prices seem to vary from £300 to £10k but wondered if the spec changes with the price. Not a TAG fan I am more James Bond and prefer the Omega Seamaster with a Blue Face. I bought a TAG when I first started work to celebrate my first job, only to have it relieved from me at knifepoint whilst on holiday in Greece 4 weeks later. Rolex are great watches and as send above are good investments, the only problem is most people think they are fake as that many good replicas around from China these days.

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By neileg
13th Apr 2015 16:35

Omega?

Glennzy wrote:

Not a TAG fan I am more James Bond and prefer the Omega Seamaster with a Blue Face. I bought a TAG when I first started work to celebrate my first job, only to have it relieved from me at knifepoint whilst on holiday in Greece 4 weeks later.

I had an Omega Constellation and still have an Omega Geneve. Time keeping (surely the main function of a watch) is not a patch on the Rolex. My Tissot Seastar is my second watch which is why the Constellation got sold. The Geneve is worth buttons so it just sits in the drawer.

I like the look of the TAGs I just can't see how they justify the price.

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By PGreen
16th Jul 2015 12:57

Back to P11Ds

The small company I work in has bought an apple watch fro every single employee.  My gut feel is that this is OK for a CT tax deduction as it is legitimate business use.  However, I also have responsibility for P11Ds and that is where my boss and I disagree.  Above, cparker87 said that is should probably go on one which is what I believe but I would love to get some more feedback on this as it's currently a point of a stand off!!

Sorry guys to bring the discussion away from the merits of apple watches for the moment!!

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