PTC - Use of an asset and the acquisition

koda

Hi guys,

Was hoping someone could clarify something for me. I know that if you acquire an asset you've been using, the benefit is calculated by using the higher of the market value at acquisition or the orginal costs less benefits to date. However, I was told by someone that this is slightly different with a computer.... can anyone tell me if they know anything about this, if there's a special rule for computers as I can't seem to find anything in my textbook about this?

Thanks for your help in advance!

speegs

Hi Koda

Check out http://www.hmrc.gov.uk/paye/exb/a-z/c/computers.htm#2

This should help you with what you need.

Speegs

wonderwife2008

I don't think it makes any difference to the taxable benefit if you decide to purchase or are eventually given the computer