TAX RETURNS

[BOB D.O.L.E]

iS IT better to spend has much as possible on tools at this time of tax year before the 5th april, are tools spread over 3 years and can you only claim 50% back over these 3 years.

 

[solo]

Here you go BOB. If you're looking for tools these should be right up your street.

 

[Bahco]

Hows the DEA job going BOB

 

[stargazer]

iS IT better to spend has much as possible on tools at this time of tax year before the 5th april, are tools spread over 3 years and can you only claim 50% back over these 3 years.

Got news for you Bobsie, major changes are afoot, there is a good summary here.

Let's take an example. Bob Dole’s accounting year ends on 5 April. He buys a particularly large tool for £500.

Example 1 – Bob buys his tool today, 1 April 2008.
2007/08 Bob can claim £500 x 50% = £250.
2008/09 Bob can claim £250 x 20% = £50.
2009/10 Bob can claim £200 x 20% = £40.
And so on, and on, and on…
It takes Bob a very long time to get relief with his tool!

Example 2 – Bob buys his tool on 6 April 2008.
Bob gets an Annual Investment Allowance of £50,000.
So Bob can claim the whole cost of his new tool!
For 2008/09 Bob can claim £500.

Good luck with your tools, Bob, and don’t spend more than £50,000 a year on them!

 

[BOB D.O.L.E]

Hows the DEA job going BOB

Well bacho to tell you the truth i have done none at the moment has predicted by LORD BOB that this corrupt ridden country left us high and dry with RICS TAKING ALL THE BOUNTY AND LEAVING US BONES TO CHEW ON.

But Hunting Season is back in October has it will apply to lettings
and whilst i am a doing a gas inspection i will be doing a EPC
BOB DOLE STYLE.........