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Photographer using his own equipment

Hi, just checking my logic!

 

I have a photographer client.  He is a keen photographer and has been for many years, buying expensive equipment for his own use.

He's now started doing portraits & wedding photography as a business, still using the same equipment he already had.

Is there anything he can claim in his accounts for this camera etc?  He already had it and uses it for personal use, so it can't be claimed as capital etc. But could he claim rental from himself to the business, something like £50 per job?  Because there is going to be a wear & tear element since the equipment is being carried around and used commercially....

I've just got myself in a knot overthinking it all!  It's been a long week already......

 

Thanks x

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16th Oct 2018 15:48

If he is a sole trader, bring in at market value for CA's, claim WDA each year and disallow % for private use.

Thanks (2)
to Rammstein1
16th Oct 2018 16:34

100% this - basics of self-employed tax.

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16th Oct 2018 15:52

Thank you!

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16th Oct 2018 15:54

If he is a sole trader he can't rent the equipment to himself, so please get that idea out of your head.

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16th Oct 2018 15:55

That's what I thought too - just got myself confuddled! Thanks x

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16th Oct 2018 15:55

That's what I thought too - just got myself confuddled! Thanks x

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to sunbeam42
17th Oct 2018 10:02

Conversely, he is not treated as selling photographs to himself when executing his hobby.

Ch11A of Pt2 of ITTOIA does not apply to professions.

xx

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to Tax Dragon
17th Oct 2018 10:20

And, if he injures himself, so that he has to pay for suregery to enable him to use a camera, Prince v Mapp will apply.

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16th Oct 2018 16:59

sunbeam42 wrote:

Hi, just checking my logic!

 

I have a photographer client.  He is a keen photographer and has been for many years, buying expensive equipment for his own use.

He's now started doing portraits & wedding photography as a business, still using the same equipment he already had.

Is there anything he can claim in his accounts for this camera etc?  He already had it and uses it for personal use, so it can't be claimed as capital etc. But could he claim rental from himself to the business, something like £50 per job?  Because there is going to be a wear & tear element since the equipment is being carried around and used commercially....

I've just got myself in a knot overthinking it all!  It's been a long week already......

 

Thanks x

Kiss on the end? Seriously?!

Edited - tough day!

Thanks (1)
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to MissAccounting
16th Oct 2018 17:40

“Kiss on the end? Seriously?!”

Bit harsh - there’s significantly worse posts on here.

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to MissAccounting
16th Oct 2018 17:48

MissAccounting - you make a valid point! It was a slip but I'll keep it in mind in the future. Thanks. And I hope that tomorrow is a better day for you!

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