Limit on Capital Expenditure (or not)

[WaterSprite]

I just spoke to Revenue because I have to buy some stuff for my home office. I'm looking at some office furniture which happens to be very expensive and wanted to ask them if there's a limit on what you can spend/claim as a CapEx for any individual item (there's a limit for cars, for example).

Revenue say that there's no limit on the expense, so long as it falls within the rules for capital expenditure. So I can buy a nice Mont Blanc pen (for 300 quid) or a bic pen (for 20c) and still claim 12.5% over 8 years (that may be a bad example b/c you'd probably claim the bic pen as an expense, rather than capital, if you claimed it at all, but you get my drift).

Does this make sense to people?

 

[Domo]

You are correct - the only limit is for cars.
Example - I'm sure the CEOs of major companies sit at expensive desks and have expensive office furniture, but usually a small business will make do. And capital allowances are allowable on these no matter the cost as long as the items fall within the rules.

 

[WaterSprite]

Thanks Domo. That's mad (Ted).

 

[Graham_07]

Forget the Mont BLanc pen, the refills will cripple you

 

[Graham_07]

Forget the Mont BLanc pen, the refills will cripple you

There should have been a after that post but I seem to have lost my edit post button