FREE WORKBOOK
Equipment and Software Register
What you own, what you claimed for it, and what falls due the day you sell it on.
Join dozens who use this
Who this workbook is for
Anyone who has never separated equipment from subscriptions
They are taxed differently even though both usually end up fully deductible. A laptop is capital and goes through the Annual Investment Allowance. A monthly subscription is an ordinary running cost. The demo splits £5,900 of equipment from £1,055 of software.
Anyone who has sold old kit
Sell something you claimed in full and the proceeds come back into your profit as a balancing charge. The phone in the demo cost £890, was claimed at £890, sold for £310, and that £310 is taxable. It is capped at what you claimed, so you can never be charged on more relief than you had.
Anyone who bought a camera three years ago
This is the sheet you will want when you come to sell it. Nothing else records what you paid, what you claimed and which year it went through, and none of it is on a bank statement by then.
