Bryan Posted April 5, 2017 Share Posted April 5, 2017 I registered as a sole trader when I started to sell stock and to date have written off my capital equipment purchases at 18% per year as a tax relief. I've just bought a new camera (the NEX 6 was showing signs of possible demise) and was wondering if it would be possible to claim the expense as a one off item, the so called Cash Basis accounting that has recently become applicable to sole traders with limited income. Further, can I mix the two methods, i.e. continue writing off existing equipment at 18% as I have been doing, and treating this new purchase on the Cash Basis? Any UK tax experts out there? I guess the easy advice would be to hire an accountant, but, for the money that I make, that is probably not viable! Link to comment Share on other sites More sharing options...
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