TV as Capital Allowance
Thanks Thanks:  0
Likes Likes:  0
Dislikes Dislikes:  0
Results 1 to 3 of 3
  1. #1
    Join Date
    Jan 2014
    Posts
    7
    Post Thanks / Like

    Default TV as Capital Allowance

    Hi everyone, new here and first of all thanks to you all for some great advice I've read so far on other threads

    My wife's just starting her business and I'm looking after her books to ease the pressure as she has fortunately had lots of interest and is going to be v busy soon.

    To plan ahead, I had a question about a TV we bought to be used in our specially built playroom extension of the house.

    This was bought in January but has only just been put up to be used for childminding purposes. How would I put this through? Should Capital Allowances be listed in the usual weekly expenses records (I'm using Pacey's forms) ? Does it matter it was bought in January but have not started trading until July - would I put it through July's expenses? Does the same apply to any other pre-trading expenses I bought before actually childminding eg - pacey membership etc?

    Thanks in advance
    Steve

  2. #2
    Join Date
    Jan 2009
    Location
    in the never never land fighting off fae
    Posts
    7,026
    Registered Childminder since
    july05
    Post Thanks / Like
    Blog Entries
    9

    Default

    Quote Originally Posted by Steve Francis View Post
    Hi everyone, new here and first of all thanks to you all for some great advice I've read so far on other threads

    My wife's just starting her business and I'm looking after her books to ease the pressure as she has fortunately had lots of interest and is going to be v busy soon.

    To plan ahead, I had a question about a TV we bought to be used in our specially built playroom extension of the house.

    This was bought in January but has only just been put up to be used for childminding purposes. How would I put this through? Should Capital Allowances be listed in the usual weekly expenses records (I'm using Pacey's forms) ? Does it matter it was bought in January but have not started trading until July - would I put it through July's expenses? Does the same apply to any other pre-trading expenses I bought before actually childminding eg - pacey membership etc?

    Thanks in advance
    Steve
    You are allowed to put in all expenses any you occurred while you were waiting to be registered. So pacey etc is all acceptable.

    The tv well that's another matter. We will all have different opinions so the best thing to do is to ring the tax man and see if they think its an allowable expense. If they say yes - take their name date and time you called.
    When someone tells you nothing is impossible, tell them to go slam a revolving door

  3. #3
    Join Date
    Feb 2010
    Posts
    3,857
    Registered Childminder since
    Oct 97
    Post Thanks / Like

    Default

    I agree with fussy, you need to ask the tax man. Think it will depend on whether you have children of your own who might watch the TV at any time.

 

 

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Quick Links and Advertisements

Important Information Links
Some Useful Quick Links
Advertisements

 

You can also find us on:
TV as Capital Allowance TV as Capital Allowance TV as Capital Allowance

We use cookies to make this site as useful as possible. They are small text files placed in your browser to track usage of our site but they don’t tell us who you are.
By continuing to use this site you are consenting to cookies being placed on your computer. Find out more here: Cookies in Use

Childminding Help and the Childminding Forum are part of Childcare.co.uk