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quickandeasy Volunteer moderator says

Just a quick one,

I’m in the middle of upgrading my server & purchasing a few extra premium services on top. I’m doing this for the simple reason that my business is scaling (so the purchases are purely business, not personal).

  • Q: Can I write the monthly cost of my servers off against my taxes at the end of the year?
  • Any help from UK Authors who’ve done this in the past would be greatly appreciated.

    Thanks :)

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    chrisatlemon says

    I’m not based in the UK, but from my experience you can write this off anywhere in the world. This is a pure business expense, there is nothing personal about this. I definitely write this off in Spain, I could not imagine this to be any different anywhere else…

    Cheers

    Chris

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    themeva says

    Just a quick one,

    I’m in the middle of upgrading my server & purchasing a few extra premium services on top. I’m doing this for the simple reason that my business is scaling (so the purchases are purely business, not personal).

  • Q: Can I write the monthly cost of my servers off against my taxes at the end of the year?
  • Any help from UK Authors who’ve done this in the past would be greatly appreciated.

    Thanks :)

    Hey,

    I’ve found that leasing is the way forward – if you purchase equipment it gets complex but leasing allows you to write off 100%.

    Mid last year I was about to purchase all new Apple equipment but the Mac man told me about Apple business and that will allow me to write off everything. I also lease all my software now because of this.

    Hope that helps.

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    quickandeasy Volunteer moderator says

    Hey guys,

    thanks for that, just wanted to double check.

    @NorthVantage, that is a good call! I will have to look into that at the start of next year when I’m to update my MBP :D

    Thanks again!

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    AndySlatter Reviewer says

    Yes you can.

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    quickandeasy Volunteer moderator says

    @Slats, haha, thanks! Straight to the point right there :D

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    AndySlatter Reviewer says

    @Slats, haha, thanks! Straight to the point right there :D

    :)

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    EugeneO says

    I’m not a tax expert but from what I understand monthly expenses can be written of as operating costs but fixed costs from purchases fall under capital gains so can not be written off as business expenses as easily.

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    themeva says

    I’m not a tax expert but from what I understand monthly expenses can be written of as operating costs but fixed costs from purchases fall under capital gains so can not be written off as business expenses as easily.

    +1

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    quickandeasy Volunteer moderator says

    Thanks guys really appreciate it :)

    I’m getting my books in order for next year too, filed my tax return the other day for 10/11… leaving it far too late as usual, due to my awesome organisation skills :sarcasm:

    Thanks!

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