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\ud83d\udccc In short:<\/b> bought a laptop, camera, bike or car before<\/i> you officially started your business, and now want to deduct it? You usually can, but not at its original price. You bring it in at its residual value<\/b> on your start date and amortize what’s left. This article shows you exactly how.<\/p>\n
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When you start your activity, you can bring in investments you bought up to 3 months before<\/b> your official start date at their full value, as if you had bought them as a business.<\/p>\n
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But many people buy their gear earlier than that: a laptop the year before, a camera two years ago, a car well before going self-employed. Those fall outside<\/b> the 3-month window, so the full-price route no longer applies.<\/p>\n
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The good news: that doesn’t mean you lose the deduction. It just changes how<\/i> you enter it. \ud83d\udc47<\/p>\n
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If you genuinely start using the asset for your business from your start date, you can bring it in at its residual value<\/b>, the part that isn’t “used up” yet, and amortize that remaining value over the remaining period.<\/p>\n
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Think of it like this: the asset has already lived part of its useful life in your private hands. You bring only the leftover<\/i> into your business.<\/p>\n
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| \n \ud83d\udca1 Three things change, one stays the same:<\/b> you adjust the amount<\/b> (residual value), the amortization period<\/b> (remaining months) and the expense date<\/b> (your start date). You keep the original invoice<\/b> on file as proof.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n \n \ud83d\udccb How to calculate the residual value<\/h1>\n\n Three simple steps:<\/h3>\n\n
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