Community

Depreciating tool drawers

SV
2024-11-22

Question

Hello,

I would like to depreciate my tool drawers over 3 years. Is this allowed? I didn’t buy the best quality and suspect that after 3 years the best will have worn from it…

Or will the tax authorities say that this must be at least 5 years?

Thank you!

Hello, fellow entrepreneur here (so not an expert). You may find your answer in this article: https://dexxter.be/investering-afschrijven-hoe-doe-je-dat-boekhoudkundig. From what I can gather, the value and estimated lifespan of your tool drawers will be the main determining factors. From the article, I understand that you are making this decision as a good manager. If your decision is logical and justifiable, then I suspect (hope) that the tax authorities will also be able to see the logic behind it.

Good luck!

Hello, I can follow your reasoning. As with many things, it is open to interpretation :-)

Thank you for your answer!

Ask a question
Ask your question to the Dexxter community with over 27.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

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

Community

Other questions from the community

How can I include private purchases in my sole proprietor without inviting the tax authorities to look into my personal finances?

Depreciation of solar panels

What about maintenance costs before starting a secondary occupation (in the same year)?

Social security contributions

vAT reverse charge

Bulk import of invoices and customers

Supermarket

Security Pack on laptop

Expenses: transferable costs

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter