If you bought the IT equipment prior to 31st March you will be able to claim 100% First Year Allowances (FYA). You do this by adjusting your profit figure in your accounts. From an accounts point of view you would include the computer as an asset and then reduce your profit by depreciation ie. write the cost of the IT equipment say over three years. However for tax purposes depreciation is not allowed and is replaced by capital allowances (as shown above). When you come to have your accounts done. Your accountant should do this for you. Barr Stevenson Chartered Accountant http:/www.our-accountants.co.uk------------------------Barr Stevenson Chartered Accountant http:/www.jsaccountants.co.uk
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