Do you want to depreciate your fully automatic coffee machine? Then you need to know about the useful life of your coffee machine. We explain which useful life is specified and how and when it is possible to write off your fully automatic coffee machine for tax purposes in the same year.
Useful life of a coffee machine
The useful life of fixed assets can be found online in the so-called AfA tables from the Federal Ministry of Finance. However, there is no information on fully automatic coffee machines or coffee machines either under office supplies or under “generally usable fixed assets”. In the category “hospitality industry”, however, there is an entry for “coffee machine (electric)”. A useful life of 5 years is given here.
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Tax deductions for fully automatic coffee machines
If you purchase a fully automatic coffee machine for your office or business, you can deduct it from your taxable income. If the purchase cost is up to 410 pounds, it can be deducted in the same year of purchase. However, if the cost exceeds 410 pounds, it must be depreciated over 5 years as a collective item. For some companies with a tight budget, this puts a lot of pressure on the wallet. After all, you have the expenses all at once, but the tax settlement drags on for years. However, there is a trick you can use to get around this: Leasing.
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Leasing instead of buying
Instead of buying the coffee machine outright, you can simply “pay it off in instalments” or lease it. In this case, you pay a fixed monthly price, a kind of rent, and have a fixed contract period. At the end of this leasing period, you can take over the machine. The monthly fees are tax-deductible as running costs in the same year. This way you also deduct the coffee machine over several years, but you also have the costs over several years. Find out here how much such a lease costs and what you should look out for.
Borrowing instead of buying
Another option is to rent a coffee machine. This is a good option if you want to try out the machine first and see how it is received by your staff. The monthly instalments are often lower than with leasing and the contract terms are much shorter: fully automatic coffee machines can therefore also be rented for just a few days, e.g. for larger events. Find out here what you should look out for when renting a fully automatic coffee machine.