Garden Office Uk Tax
We have installed 1000s of garden offices studios art workshops outdoor offices the list goes on.
Garden office uk tax. Conservative politicians and commentators claim 10million homes would be hit by a garden tax with those affected seeing their bill more than three times higher than council tax currently is. Our professional craftsmen travel the whole of mainland uk to install our garden studios each one manufactured hand painted and delivered by us. As a garden office is normally classed as a structure it is not usually possible to claim tax relief on one including planning building and installation even if it is mobile. Question i run a small limited company mainly working from home and i am considering building a garden office and am wondering if i can claim some or all of the costs as a business expense to save tax.
What sort of tax relief will you be entitled to on the cost of the structure and its running costs. There is some good news as any vat incurred on the cost of the structure itself or any furnishings or furniture can be reclaimed. Adding value to a property with an outdoor building such as a garden office is becoming an increasingly common practise. Of course if the reason for your wooden garden building is work related then it s worth checking all of the above with your accountant or a qualified business adviser since hmrc rules and what you can claim for are never static but the above should certainly give you some sort of idea of the tax benefits of having your own garden office.
Garden office purchase and corporation tax. Vat can also be reclaimed on the ongoing running costs. So as long as the office has a dual purpose for example as a gym or hobby room as well as an office the owner should be able to avoid capital gains tax. Every garden room from the garden office and the green retreats group comes with an extensive 10 year guarantee the materials and construction methods used create a product of superior quality that is designed for a 30 year life allowing your garden office to become a lasting part of your home.
Furthermore tax relief can be claimed on the costs of running the garden office such as lighting and heating repairs and general upkeep. If the garden office is bought and then sold by a limited company the profit is a chargeable gain subject to corporation tax. While we wouldn t recommend you purchase a garden office or similar garden building with the main purpose of increasing your property s value there s no denying that doing so will raise the value of your property by a fairly significant degree. However tax relief can be obtained through capital allowances on any furniture or equipment installed into the building such as desks and shelving units.