Sole trader buying new iPhone for business

Layth

Hi

I!!!8217;m a sole trader and need a new phone. I currently use my phone about 25% for business. I need to upgrade and thought about buying a new phone. Can I offset some of this purchase against my tax paid?

What!!!8217;s the best way to do it? Keep my current phone and by a new one to use as a business phone and claim the whole amount as an expense?

Or buy a new one to replace my current one and claim for 25% of the cost?

Have I understood the rules correctly? Are any of the above even possible?

Thanks

00ec25

Layth wrote: »

Keep my current phone and by a new one to use as a business phone and claim the whole amount as an expense?

that is one way to do it - perhaps rather expensively

https://www.thefriendlyaccountants.co.uk/what-can-i-charge-my-business-for-mobile-phones/

Layth wrote: »

Or buy a new one to replace my current one and claim for 25% of the cost?

that is the other way to do it based on a "private use" adjustment

https://support.sherwincurrid.com/index.php?/Knowledgebase/Article/View/146/16/Capital-Allowances-&-Private-Use-Assets

Merlin139

Why not buy a new phone for your business and use it for your business. The costs would be a chargeable expense so technically it cost YOU nothing.

New number would mean you may new advertising/business cards etc so you could update these also and charge the cost to your business.

le_loup

Merlin139 wrote: »

Why not buy a new phone for your business and use it for your business. The costs would be a chargeable expense so technically it cost YOU nothing.

Really?
Interesting to think that a business owned by the OP has no interest in costs.
I think you mean it will save tax.