I built my own PC by buying all kinds of (second-hand) parts. Almost every part was cheaper than €250, so I normally have to book it as an expense and not as an investment. However, the total cost of the entire PC was considerably more than £250. How can I combine all these small purchases to make them an investment so that I can write them off?
Take a look at the learning centre on buying from private persons. https://player.vimeo.com/video/922420525?utm_source=learning_center&utm_medium=referral
Kind regards, Kurt
Dear Kurt,
I already knew that I could make purchases from a private person (without charging vAT) and how to record them. My question was mainly how I could group a amount of small purchases (PC parts £250) and record it as an investment (and therefore also depreciate it yearly). I did not receive an answer to that question.
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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