Hello everyone!
I recently bought a Makita machine worth 360 euros including vAT. Now I’m wondering whether I should write this off as an investment over 2 to 3 years, or whether I can just include it in my expenses in one go?
Thanks in advance, everyone!
Kind regards,
Lowie Piro
Hey Lowie! :)
No, I would just put it in your expenses. I don't think there is an official minimum amount for investments, but I would only start thinking about it from £500 upwards.
Imagine I buy an office chair from 500 euros and it lasts 10 years, which is quite possible. Then I have to write it off over 10 years, which is 50 euros in costs each year.Indeed, it is sometimes a bit vague, but thank you for the answers!
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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