First of all, I feel the need to show off a bit about the fact that I submitted by tax return for 2011-2 online even before I'd recieved notification that I needed to do it! On the other hand this was motivated entirely by knowing I would be due a refund... am very impressed that I received the refund direct into bank account just over a week later. I do like technology sometimes...
Anyway the main question: up to now my expenses for teaching have been revenue expenses, but this year I will have two major capital expenses: piano (which I was hiring before and have now bought) and macbook which I'm going to spend quite a chunk on next week.
Mostly I understand the capital allowance rules, I'll be claiming the whole lot in one year under the AIA rule. But... both these items are sometimes used for personal stuff as well as work, so I'm not sure whether I should be claiming a proportion only and if so how I work it out.
The piano I'm inclined to claim the whole lot because I do play for pleasure as well, I don't think I would have ever purchased a piano if I wasn't teaching. The laptop is different becuase I would have owned one anyway, might have upgraded to a mac anyway, and use it a lot for personal stuff.
Can any of you tell me how you work out the proportion of personal use for these things? Or do you not bother? Seems difficult to quantify.