Garden office tax benefits

The most recent issue of chartered accountants McBrides' news update includes pertinent advice about various garden office tax issues. You can read the full thing here (pdf) but here's a snippet:

"It will be permissible for the initial cost of the structure and any other associated costs such as planning costs, architect fees and legal fees to be paid in full by the business. However, these costs will not qualify for tax relief as they will be treated as capital costs. VAT charged on these costs can be recovered in full if the garden office is intended for 100% business use. But if there is an intention for private use as well as business use, then the private proportion of the VAT should not be reclaimed (this will need to be based on a fair and reasonable calculation)."

Image courtesy SMART

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