wildeoscar
Registered User
- Messages
- 8
Hi folks,
I'm considering buying a garden room which will function as a home office. I own a limited company along with another company director.
I'm considering how best to finance this purchase.
1.) If I purchase this via my company, it will help with costs given VAT is 13.5% on the garden room. However this would then be a company asset in my garden. Can this be transferred to me personally at some point in the future? Curious to know what others have done in this situation.
2.) If I choose to purchase it myself outside of the company, could I then charge the company rent for my use of the office? I'd of course need to talk to my accountant on the tax implications of same, but again - interested in what others have done.
Given the current strange times we live in, I'm sure this is going to become more and more common.
Thanks.
I'm considering buying a garden room which will function as a home office. I own a limited company along with another company director.
I'm considering how best to finance this purchase.
1.) If I purchase this via my company, it will help with costs given VAT is 13.5% on the garden room. However this would then be a company asset in my garden. Can this be transferred to me personally at some point in the future? Curious to know what others have done in this situation.
2.) If I choose to purchase it myself outside of the company, could I then charge the company rent for my use of the office? I'd of course need to talk to my accountant on the tax implications of same, but again - interested in what others have done.
Given the current strange times we live in, I'm sure this is going to become more and more common.
Thanks.