I know that this has *sort of* been asked before viz-a-vis spare bedrooms, sheds and conservatories. And, no, I didn't do a search (ok NLUK, so shoot me!).
If I convert my garage into an office space, just an office, not a spare room, would any accountants like to comment on whether this could be a legitimate business expense, as it would honestly be wholly-and-exclusively used for business. No, the house is not a registered business address nor do I pay business rates. The house is unlikely to be re-sold at any time in my lifetime, more likely to be bequeathed.
Views? Comments? (n.b. posted in professional to avoid abuse).
And yes, this is a serious question. TIA
P.S. Of course I'll ask my accountant, but it's always interesting to hear people's views.
EDIT: posting this as self-employed, not as a limited company (on behalf on GFP actually).
If I convert my garage into an office space, just an office, not a spare room, would any accountants like to comment on whether this could be a legitimate business expense, as it would honestly be wholly-and-exclusively used for business. No, the house is not a registered business address nor do I pay business rates. The house is unlikely to be re-sold at any time in my lifetime, more likely to be bequeathed.
Views? Comments? (n.b. posted in professional to avoid abuse).
And yes, this is a serious question. TIA
P.S. Of course I'll ask my accountant, but it's always interesting to hear people's views.
EDIT: posting this as self-employed, not as a limited company (on behalf on GFP actually).
Comment