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Self-Employed - A Question Regarding Stock
buchloe
Posts: 11 Forumite
in Cutting tax
I've scrapped many of my own computers over the years and built up a small collection of spare parts (RAM, power supplies, graphics cards etc.) "in case of emergency"
Can I now use and sell these parts in the day to day running of my business? If so, how do I go about it because they wouldn't be shown as being bought from anywhere therefore have no purchase receipts for them, but they would be sold and claimed as an expense.
I was thinking along the lines of selling each part from myself as a person to my business as and when they are required, would this be acceptable?
Thanks in advance for any advice
Can I now use and sell these parts in the day to day running of my business? If so, how do I go about it because they wouldn't be shown as being bought from anywhere therefore have no purchase receipts for them, but they would be sold and claimed as an expense.
I was thinking along the lines of selling each part from myself as a person to my business as and when they are required, would this be acceptable?
Thanks in advance for any advice
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