Allowable Business Equipment
Tax relief may be claimed on business assets that are wholly and exclusively required for a contract under your Personal Limited Company.
Supporting Information Required
All receipts for Business Equipment must be made out in the name of the Company.
You should have a valid explanation for the use of your equipment in your limited company
Please note a tax charge may apply on cessation of your company where a value still applies to an asset.
Multiple Equipment Claims
Equipment that is solely for personal use; Personal iPads, Personal Phones, Personal Laptops / Tablets or Personal PC’s / TV’s.
Repairs.
Examples of Equipment Claims as a Business Expense
The equipment purchase must be for use in company so you should have valid explanations if you are purchasing several of the same asset type, e.g. 3 Mobile Phones
Allowable Business Equipment
Laptops -Mobile Phone- PC -Servers -Office Furniture
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