New boiler - tax advice New boiler - tax advice
Posts 1 to 7 of 7
  1. #1

    Nervous Newbie

    dstumps has no reputation


    Join Date
    Mar 2017
    Posts
    5

    Question New boiler - tax advice

    I suspect my boiler will die in the next 6 months - even a warm summer will be probably enough to finish it off. So I got a finance quote for a fancy new Ideal model, which I'm pretty happy with. (I've not put any money down yet, so alternatives are welcome)

    However it's just occurred to me that there might be something I can do with tax, given that it'd be heating a home office. Are there any schemes or systems which I can use for this sort of thing?

  2. #2

    Old Greg is my bitch's bitch

    northernladyuk is a fount of knowledge

    northernladyuk's Avatar
    Join Date
    Nov 2011
    Location
    Working the streets of your imagination
    Posts
    9,460

    Default

    Quote Originally Posted by dstumps View Post
    I suspect my boiler will die in the next 6 months - even a warm summer will be probably enough to finish it off. So I got a finance quote for a fancy new Ideal model, which I'm pretty happy with. (I've not put any money down yet, so alternatives are welcome)

    However it's just occurred to me that there might be something I can do with tax, given that it'd be heating a home office. Are there any schemes or systems which I can use for this sort of thing?
    Bleed your radiators first, That is fully tax deductible.
    Where there's muck there's brass.

  3. #3

    Faqqed Off

    TheFaQQer is a fount of knowledge

    TheFaQQer's Avatar
    Join Date
    Oct 2006
    Posts
    36,488

    Default

    Quote Originally Posted by dstumps View Post
    I suspect my boiler will die in the next 6 months - even a warm summer will be probably enough to finish it off. So I got a finance quote for a fancy new Ideal model, which I'm pretty happy with. (I've not put any money down yet, so alternatives are welcome)
    Finance quote with typical APR 9.9%

    If you must do this (if you must, I suspect you are on the wrong website, BTW) then you'd be much better off looking elsewhere for your loan - 2.8% from Sainsbury's, 3.6% from Metrobank etc depending on the term length. You can get significantly better than their 9.9% unless you are only after a low amount or a short period of time.
    Best Forum Advisor 2014
    Work in the public sector? You can read my FAQ here
    Click here to get 15% off your first year's IPSE membership

  4. #4

    Godlike

    jamesbrown is a fount of knowledge

    jamesbrown's Avatar
    Join Date
    Dec 2011
    Posts
    7,225

    Default

    I suggest you place your boiler offshore.

  5. #5

    My post count is Majestic

    northernladuk is always on top

    northernladuk's Avatar
    Join Date
    Mar 2009
    Posts
    40,516

    Default

    But you only rent your office. Heating is covered as part of the rent, like the carpet, walls etc. It's not owned by your company.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  6. #6

    More fingers than teeth

    scooterscot is a fount of knowledge

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    19,558

    Default

    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  7. #7

    I live on CUK

    SueEllen is a fount of knowledge

    SueEllen's Avatar
    Join Date
    Nov 2005
    Location
    in the Park
    Posts
    29,066

    Default

    Quote Originally Posted by dstumps View Post
    I suspect my boiler will die in the next 6 months - even a warm summer will be probably enough to finish it off. So I got a finance quote for a fancy new Ideal model, which I'm pretty happy with. (I've not put any money down yet, so alternatives are welcome)

    However it's just occurred to me that there might be something I can do with tax, given that it'd be heating a home office. Are there any schemes or systems which I can use for this sort of thing?
    If you want a boiler that doesn't last that's the make to get.

    Oh and pay for it yourself...
    "You’re just a bad memory who doesn’t know when to go away" JR

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •