The company buys it and a company pays tax on its profits (if they are not distributed). So yes, the company will earn the 2K (lets say), spend the 2K and have no profit from the 2K and so no tax liability from the 2K. Not only is there no tax liability, you can reclaim the cost at 12.5% per year for a number of years (not sure how many).
I assume though that they can deduct it from the profit and loss?
No they can't. Its a capital item, ie an asset.
ubiquitous, can you tell us how many years can this be claimed for? perhaps (100/12.5)??
8 years for a €5-600 laptop? I dont know a single contractor where their accountant didnt just write it off in year 1 in the p&l. It might not be "proper" done but I personally know of a dozen+ cases where it has been done
If at the end of the year, the business sells the laptop for €1 or donates it to charity or somesuch, can the business take some sort of charge to reflect the loss of the asset to the company (and in effect writing off the total cost in one year)? Or does the business still have to depreciate over 8 years irrelevant of the disposal? After all the business isn't going to keep stockpiling old laptops with one year usage.
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