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Peppol deadline: 01-01-2026
00

Avoid fines

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Making purchases of second-hand musical instruments for myself and claiming them as depreciation/expense

WS
08/12/2024
Question

Hello, I purchased a second-hand (so no invoice available) musical instrument before I started as a self-employed person. I still use it for my performances. Current market value (second-hand I would like to declare this as an expense/depreciation. What is the best way to do this? Purchases second-hand from myself (is that allowed?) and then declare it for depreciation? Or is there other way? Thank you in advance for your advice.

You can create an invoice to yourself as a private person and enter it in your accounts that way. If you also add some classified ads from similar guitars in the same state, you can justify the market value. Enter it as an expense. Is it more than €250? Then enter it as an investment.

Thank you for the feedback.

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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