VAT on logsplitter

[Handy Andy]

A simple question - Can I reclaim the VAT on a new logsplitter? Also can I put it through the books a business expense as it is only for our own domestic use.

 

[Grouse]

You use it for splitting wood for fence posts - don’t you ;-)

 

[milkloss]

The proper answer is no. Wish you didn’t ask now eh?

 

[Kidds]

I did with mine as part of my business is selling firewood. Not very profitable unfortunately, in fact to date I have yet to find any customers.

 

[Hilly]

I did with mine as part of my business is selling firewood. Not very profitable unfortunately, in fact to date I have yet to find any customers.

How’s that lovely cat ?

 

[Kidds]

How’s that lovely cat ?

Haven’t seen it in some time. It was never my cat it just adopted me for a while, I’ve moved since and there’s one here too. I don’t think it’s the same one but might be.

 

[Frodo2]

Does the wood not heat the farm office?

 

[Stock]

Just declare a half day hire annually until it's written off and then buy another one..........................................

 

[Loftyrules]

A simple question - Can I reclaim the VAT on a new logsplitter? Also can I put it through the books a business expense as it is only for our own domestic use.

Why should you? Isn’t that tax avoidance?

 

[Handy Andy]

The proper answer is no. Wish you didn’t ask now eh?

Not really. The dealer who is trying to sell me one said that I could but I didn't think that was right hence my asking.

 

[Handy Andy]

Why should you? Isn’t that tax avoidance?

That's what I thought, but I had to ask just in case it wasn't.

 

[Campbell]

Really depends on how Forensic your accountant is. Don't mention it if not asked.

 

[Handy Andy]

Really depends on how Forensic your accountant is. Don't mention it if not asked.

I don't think it's worth the aggro.

 

[milkloss]

I don't think it's worth the aggro.

Correct answer for the forum

 

[betweenthelines]

What does the invoice say? Log splitter or farm equipment

 

[michael N123]

What does the invoice say? Log splitter or farm equipment

It’s suddenly a set of chain harrows

 

[Exfarmer]

Its not up to your accountant, purely and simply if this is an item bought for domestic use then no VAT and not part of farm purchases, in fact you should reimburse the farm for use of the tractor.

 

[Rs chunk]

Handy having a log burner in the farm/business workshop!?

 

[agrimax]

Buy a splitter with a removable blade. It becomes a hydraulic press for the farm workshop.

 

[Handy Andy]

What does the invoice say? Log splitter or farm equipment

Not bought it yet so don't know. It's not a huge amount of VAT so will buy it with money from our personal account.