Tax year is coming to an end. What does one spend on money on!

[Storrsy]

Always like to splurge this time of year in an effort to reduce tax a bit. Trouble is this year I can't find anything!

 

[JD450A]

Tractors.

 

[Storrsy]

Tractors.

F all out there though! Over expensive turds mainly.

 

[Brendan]

Not sure this year, will have to see how the land lies. If I can justify it maybe an idig bit not sure if it would be that beneficial. Plus got the extension on the go so funds are tight

 

[Lancs Lad]

Always like to splurge this time of year in an effort to reduce tax a bit. Trouble is this year I can't find anything!

Ask Doob

 

[GazCro]

Imho with machinery prices where they are and uncertain times ahead it wouldn't be a bad year to pay a bit of tax and sit with a bit extra cushion in the bank. Unless you find something which is a really good deal but I'd doubt you will at the mo. Saying that the only reason I'm not looking at any machinery is shed to build

 

[Storrsy]

Ask Doob

I dont think a Sherpa is for me!

 

[Hg2702]

I dont think a Sherpa is for me!

Don’t come down here with Rory I’ll have f all left for myself

 

[Storrsy]

Don’t come down here with Rory I’ll have f all left for myself

Like a couple of vultures

 

[Regy53]

Be carful

anything you buy this year, when you sell in with the new taxation you will be paying back at 25%

save 18% pay back at 25%

cost 100k

18k tax saved.

sell for 60 k pay back 15k

3k taxed saved so loss of 37k

 

[JD450A]

Be carful

anything you buy this year, when you sell in with the new taxation you will be paying back at 25%

Was going to make a comment but we aren't in that place

 

[Regy53]

Was going to make a comment but we aren't in that place

is it brown

 

[JD450A]

is it brown

Purple, turquoise, salmon and pink.

 

[Storrsy]

Be carful

anything you buy this year, when you sell in with the new taxation you will be paying back at 25%

save 18% pay back at 25%

cost 100k

18k tax saved.

sell for 60 k pay back 15k

3k taxed saved so loss of 37k

What's this new taxation, Have I missed something?

 

[Brendan]

Be carful

anything you buy this year, when you sell in with the new taxation you will be paying back at 25%

save 18% pay back at 25%

cost 100k

18k tax saved.

sell for 60 k pay back 15k

3k taxed saved so loss of 37k

What's this?
Is the 130% still available for companies doing new purchases

 

[Vinpetrol]

What's this?
Is the 130% still available for companies doing new purchases

Yes

 

[Vinpetrol]

Be carful

anything you buy this year, when you sell in with the new taxation you will be paying back at 25%

save 18% pay back at 25%

cost 100k

18k tax saved.

sell for 60 k pay back 15k

3k taxed saved so loss of 37k

how long does the 25% payback go on for ? If you kept new kit say 5 years what would the scenario then be ?

 

[V8Druid]

Be carful

anything you buy this year, when you sell in with the new taxation you will be paying back at 25%

save 18% pay back at 25%

cost 100k

18k tax saved.

sell for 60 k pay back 15k

3k taxed saved so loss of 37k

sound maths there Ross ..... an unusual year for sure

 

[6feetdown]

Be carful

anything you buy this year, when you sell in with the new taxation you will be paying back at 25%

save 18% pay back at 25%

cost 100k

18k tax saved.

sell for 60 k pay back 15k

3k taxed saved so loss of 37k

Don't sell

 

[DaveDCB]

Don't sell

Do sell , but for £1 to your half brother Fred…