Can My Limited Company Fund My Garden Office?

Can My Limited Company Fund My Garden Office?

With the ever-increasing rise in working from home, people are starting to get creative with their workspace. Some people are more than happy to work at their kitchen table with no commute, while some prefer a dedicated room with a full office set-up. A garden office pod is a perfect solution for those that have the constant feeling of never really leaving work because their office is just another room in the house.

Could my company fund my garden office?

The short answer is yes, your limited company can fund the garden office. However, it is unlikely you will be able to claim tax relief on the office itself as it would be classed as capital expenditure.

Could it be tax efficient to pay for my garden office through my limited company? 

If you are considering building a garden office it is classified as a structure, be prepared that any costs relating to design, planning, building, and installation will need to be paid for in full. This does not mean that your limited company cannot pay for it, just that any of the costs listed above will not be tax-deductible.

Tax relief can be obtained through capital allowances on any furniture or equipment installed into the building such as desks and shelving units

Despite thermal insulation, certain electrical wiring and plumbing technically being included within the structure of the building, you can claim a capital allowance on these. Running costs for the outbuilding, so electricity, gas, and water can be claimed as business expenses. This also applies to repairs, including redecoration costs, as they are also tax-deductible.

What about VAT benefits?  

If your business is VAT registered, you can claim back the VAT on the cost of both the building’s contents and the building itself. You can also claim back the VAT on charges for heating, plumbing, and electrical wiring.

You cannot claim back the tax on any services used to construct the office, for example, if you employed someone to build the office and install the fittings.

What next? 

 If you are considering investing in a garden office pod to be used for your business, we understand each individual and each company is unique, so we are happy to advise you on your options. You can view our garden pod designs and contact us here for more information.

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