Are course fee's tax deductable?

[White Room]

I let my accountant tell me whats what, Now told that when I,ve bought a certain tool can be classed as plant so don,t get the full deduction in one hit

 

[grumpygrouter]

I let my accountant tell me whats what, Now told that when I,ve bought a certain tool can be classed as plant so don,t get the full deduction in one hit

Sad but true, Whitebeam. it obviously depends on the type of tool and what it's expected useful life is along with it's cost.

 

[White Room]

So, When I think about buying a rubi dw200NL that will be plant, BUGGER:lol:

 

[grumpygrouter]

Correct, just like my DW250n was.:sad_smile:

 

[grumpygrouter]

........blades however are consumable and can be written off straight away.

 

[Derry]

glad someone raised this actually as i was going to ask the question myself!

you dont ask, you dont get. as with everything to do with money - the ILR aint gonna be knocking offering to pay!

 

[Olz]

I think that along as you dont take the preverbial, then you'll be OK, start trying to claim for ridiculous amounts / items and your probably going to be scrutinised more, I thinkt the trick is to find the happy meduim.

 

[essexsi]

Thanks for all your input. I'm glad there's no such thing as a stupid question!!

So taking everything into account I'm probably best off doing the following-
- get 6 months-year work experience
- when ready register the business
- then do the tiling course
- buy the tools
- put them all through the business 'creatively'!!

Does that sound ok ?

Chees all Si

 

[spanky]

Sounds good.