On Tuesday, January 7, 2003, at 09:39 pm, David Townend wrote:
Is not the best way (with Computer equipment that is 100% tax deductible inIndeed it does David,
the first year) to own the kit outright so that you can benefit from the
100% Tax break ? Would this not preclude any HP (or other) scheme that went
over a tax year period as you would not be the legal owner of said kit in
the year that you were making the 100% Capital Allowance ?
So does it not stand to reason that with the present system its most 'tax
efficient' to pay for the kit and end up owning it pretty quickly - e.g.
acquisition and outright purchase to occur in same tax year ?
Sorry if this makes no sense.
Any advises most welcome.
Regs, D
While it is tempting to have now and pay later, if the cash IS there (or a no strings have now and pay in 6 months is available to ease the immediate strain), then yes, buy it up front with the benefits you mention....that way there are no monthlies there to weigh you down when times are a little tougher and why give 15 - 30 % to a finance company, with cash you can often get a discount or grab a bargain.
Someone mentioned that a 3 year old G4 is hardly worth anything...........but, I'm sure it will still carry on doing what it was intended to do for quite a few more years and not that much slower when you include coffee/e.mail beaks:)
Happy new year by the way
P
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