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Post Info TOPIC: Hand written reciept for second hand equipment
Lyndsey


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Hand written reciept for second hand equipment
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Hi

Just wondering if this is sufficient to claim AIA on.

Client purchased a second hand Fork lift (not VAT registered), and all they have is a hand written invoice confirming the item details and amount paid and his business address, no date / seller information. Is this sufficient to claim the AIA on? Or do we need more details?

Thanks Lyndsey



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Artois


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Hi Lyndsey Do you have proof of payment from their bank statements?

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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Lyndsey


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I've had a look an cannot see any exact payment. It states paid in cash.

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Artois


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Lyndsey wrote:

I've had a look an cannot see any exact payment. It states paid in cash.

 Is there no other correspondence between the two parties like emails, if there is nothing it may be worth emailing the seller confirming the purchase details so at least there is some sort of paper trail.



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Cheshire


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Hi Lyndsey
I agree with Doug in that there could be a paper trail worth looking for, as these things arent cheap. How much are they saying they paid for it? Is there an advert/auction site info? I would also suggest that as its a fork lift that this has most likely not been sold by someone privately owning it (#) so that a business should be able to provide a proper receipt and that saying to a client that you cannot claim Cap Allowances on it might focus their mind to getting such. Said it before, its amazing how much something like the threat of paying more tax than they would wish can do.

# unless someone has bought it as a job lot/fire sale type of thing, but they should still be able to supply a proper receipt. (or it was stolen)

Very long shot (if a shot at all!!) - is it one that has been registered for road use? If so you should have some transfer registration documents which might show previous owner/new. Could be far off the mark though with that one, but Im sure Ive seen some with vehicle typre registration plates - worth a mess about on google.

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 Joanne 

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Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Lyndsey


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Thanks, I've asked him for some more details/paperwork to go with it. It wasn't hugely expensive, but always have to be careful.

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