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sole trader tax / expense questions

deathtocaptcha · 2015-09-03 10:58:22

IT contracter, sole trader. A few tax / expenses related questions.... 1. Is there any rule of thumb or threshold below which you can write items off rather than have to depreciate them... for example last month i bought a scanner that cost less than €100... (it seems daft to be depreciating it by 12.5% over 8 years). 2.…

03-09-2015 10:58am

#1

deathtocaptcha

Registered Users, Registered Users 2 Posts: 349 ✭✭

Join Date: January 2014

Posts: 342

IT contracter, sole trader. A few tax / expenses related questions....

1. Is there any rule of thumb or threshold below which you can write items off rather than have to depreciate them... for example last month i bought a scanner that cost less than €100... (it seems daft to be depreciating it by 12.5% over 8 years).

2. Because of my work, i'm regularly upgrading my computer / laptop / phone / tablet... the average lifespan of said devices may be less than 2 years... if i no longer use the device and end up selling it, how do i handle depreciation on it? i.e. if a laptop costs €1000 and i sell it after 1 year for €600, do i write €400 off as depreciation and declare the €600 as sales?

3. Can i top up an account with a hosting provider with let's say €1,000 worth of credit and put it all down as an expense this year (even though i may only actually use ~€300/year?).

4. Hypothetically, could I create a website about politics (with a view to generating ad revenue from it), pay for content generation / advertising and add those fees as an expense?

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