on 06/01/2003 11:54 am, Darrin Jenkins: > >> Is it not all about "shelf life"? >> > > Yeah, this is what I think it's about. > If I buy a film camera / lights etc.. the tax man will only allow a small > proportion of the total cost to be deducted from my income tax bill as they > assume the equipment will have a resale value, this is true, but with > anything digital we all know by now that our �15K camera will be worth > nearer �4K after 3 years. One way round this is to lease the equipment and > hand it back to the lease company / shop at the end of the lease, since the > photographer would not own the equipment at any time and would in effect be > hiring it, then full 100% allowance should be possible. > Am I correct on this? >
No I think this allowance is all about the government wanting business as a whole to invest in up to date technology. They want us all on the web, using electronic communications etc, at least that's what Tony Blair has committed himself to. I don't think it's anything to do with resale values cause if you sell it that's income and that's taxable as you have already had the allowances. I don't think your right about lease hire either, I'm sure that you have to purchase to be eligible for the allowance so presumably that would be lease purchase or hire purchase!! Regards Sam Moxon =============================================================== GO TO http://www.prodig.org for ~ GUIDELINES ~ un/SUBSCRIBING ~ ITEMS for SALE
