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    • Layth
    • By Layth 12th May 18, 11:37 AM
    • 1Posts
    • 0Thanks
    Layth
    Sole trader buying new iPhone for business
    • #1
    • 12th May 18, 11:37 AM
    Sole trader buying new iPhone for business 12th May 18 at 11:37 AM
    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
    Last edited by Layth; 12-05-2018 at 11:38 AM. Reason: Spelling
Page 1
    • 00ec25
    • By 00ec25 12th May 18, 5:40 PM
    • 6,805 Posts
    • 6,421 Thanks
    00ec25
    • #2
    • 12th May 18, 5:40 PM
    • #2
    • 12th May 18, 5:40 PM
    Keep my current phone and by a new one to use as a business phone and claim the whole amount as an expense?
    Originally posted by Layth
    that is one way to do it - perhaps rather expensively

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

    Or buy a new one to replace my current one and claim for 25% of the cost?
    Originally posted by Layth
    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
    Last edited by 00ec25; 12-05-2018 at 5:46 PM.
    • Merlin139
    • By Merlin139 12th May 18, 5:49 PM
    • 4,974 Posts
    • 20,011 Thanks
    Merlin139
    • #3
    • 12th May 18, 5:49 PM
    • #3
    • 12th May 18, 5:49 PM
    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
    • By le loup 13th May 18, 9:15 AM
    • 3,845 Posts
    • 3,822 Thanks
    le loup
    • #4
    • 13th May 18, 9:15 AM
    • #4
    • 13th May 18, 9:15 AM
    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.
    Originally posted by Merlin139
    Really?
    Interesting to think that a business owned by the OP has no interest in costs.
    I think you mean it will save tax.
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