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Sole trader, laptop deprecation

11/01/2018 14:06:13
I work as a sole trader,

I bought laptop in December 2016, for a shade over a thousand pounds, for my work. I expect it to last for four years.

How do I show that on my self assessment?
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Re:Sole trader, laptop deprecation

11/01/2018 15:51:50
Hi pigsonthewing
If you are using cash basis you would include the cost of the laptop in your business expenses (deducting any private use) This link explains how to do it https://www.gov.uk/simpler-income-tax-cash-basis/income-and-expenses-under-cash-basis.
If you are not using cash basis you can claim a capital allowance on your laptop (deducting any private use) Please see this link. https://www.gov.uk/capital-allowances
Kind regards
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Sole trader, laptop deprecation

11/01/2018 17:27:05
Thank you. I'm using Cash basis. My question was about how (or if) I can spread this over four years?

[BTW, the page you linked to refers to "the 2013 to 2014 tax year "]
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Re:Sole trader, laptop deprecation

12/01/2018 10:29:12
Hello
Under the cash basis system the total cost you are claiming for the laptop should be claimed in the year of purchase. Spreading over 4 years is a capital allowance system, which is not relevant to cash basis users, unless for the purchase of a car for business. Both of the links sent previously take you directly to the current guidance on gov.uk relevant to the information you require. Kind regards