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Tax


forestboy1978
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Not paying a huge amount of tax this year due to spending a lot on my business. However, I'm seriously considering pulling the trigger on another 50k worth of capital expenditure. 

 

Will this carry on to next year so I wont pay tax then either, or at least very little. Or will it just cancel out all tax for this year and come April next year I start at zero again regarding profit?

 

Thanks

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Just now, Rough Hewn said:

My first thought was ooooh beefy!
My second was depreciation from 50k?
10-20k gets you a good vehicle with custom spec.
And 30k still in your pocket.
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it's a year old with 6k on the mileage. No work done on it. 30k

 

God it's sexy though. Auto too 3.2 litre

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