Tax Relief for Personal Equipment used for Work
Posted on 24th April 2023 by Joanne Stoneman
As a director or an employee, you can claim tax relief for personal equipment used for work
As a director or an employee, you can claim tax relief for personal equipment used for work. So effectively you could claim up to 100% of the cost of the asset for tax relief, as a capital allowance
There are a few things to consider though:
- The claim must be restricted to private use.
- The asset must be required for you to do your work.
- It cannot be a gift, so you must have paid for it.
- The claim must be time apportioned in the year you start the employment.