I operate as a ltd company and will soon be doing some renovations to our house, part of this will give us a new 'office' in the loft. I mainly work on client sites but do work at home sometimes and obviously use the 'office' for company admin stuff.
Question is.. can I pay for some/all of the expenditure of this part of the renovations through the company, therefore saving the VAT and reducing tax in the process? Looks like it will be around £10k, so well worth the effort if it can be done.
Anyone done this type of thing before?
Question is.. can I pay for some/all of the expenditure of this part of the renovations through the company, therefore saving the VAT and reducing tax in the process? Looks like it will be around £10k, so well worth the effort if it can be done.
Anyone done this type of thing before?
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