Garden Shed (office)
JJH1969
Registered Posts: 110 Epic contributor 🐘
My client has built a home office in the garden (£20k) and wants to claim CAs - there seems to be a school of thought that allowances can be claimed and a school of thought that they cant - what is the concensus? Also does the bill need to be in the Business name to reclaim the VAT?
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Comments
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Is the business a sole trader or ltd co?0
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Ltd company0
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It may be more tax efficient for the owner to have a licence agreement with the ltd co, whereby the owner charges rent to the company for the use of the office. A non exclusive licence (i.e. allow for some non business use in the evenings or at the weekend) would eliminate the risk of CGT when the owner sells the house and outbuilding.1
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This is a grey area I had exactly this situation with a client last year. I claimed all of the building costs as the company paid for them therefore it's a company expense.
Ryan1 -
Really?RyanMIP said:This is a grey area I had exactly this situation with a client last year. I claimed all of the building costs as the company paid for them therefore it's a company expense.
Ryan0 -
??? YesMarieNoelle said:
Really?RyanMIP said:This is a grey area I had exactly this situation with a client last year. I claimed all of the building costs as the company paid for them therefore it's a company expense.
Ryan
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