Depreciation / Capital Allowance

[Maxine2001]

Hi All,

 

Newbie here...............................................new to all this so please be gentle if this seems simple!

 

I know how to depreciate using the various methods but how do I calculate depreciation (Capital Allowance) on a laptop that I only use for 8 hours a week for work and the rest of the time is used for personal use plus a printer used for business just once a month to print a few items?

 

Any guidance would be great at the moment because I have been trying to be logical about it but it is blowing my mind.

 

Thanks

 

Maxine

[Gbarbm]

You can only claim capital allowances and depreciation based on the business use.

As far as I am aware, HMRC will accept reasonable apportionment of business/private use

I would say 8 hours is equal to one days business so if you calculate the capital allowance/depreciation based on that you should be ok

[Maxine2001]

Thanks for the reply - that does sound reasonable when you put it like you have.

 

I can work that out no problem but do I calculate the business use percentage on the book value or do I workout the business use percentage from the accepted 20% deduction amount (for 2011/2012 tax year) that the HMRC state you can reduce the item by?

[Gbarbm]

I'd be inclined to do it on the book value; I believe that the 20% relates to use of a company asset