Baby boomer
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I work mostly from home as owner-manager of my own company. I am about to get a proper fit-out job done on my home office room. Built in shelving, filing cabinets, desk, drawers, lighting, electrical and data trunking, that sort of thing.
I presume I can use company funds to pay for this without incurring a personal BIK charge?
And from the company's accounts, it is treated as a capital allowance at 12.5%pa over eight years. Is this correct?
Finally, is there any exposure to CGT for what will be an enhancement to the house and a slight increase in value?
I presume I can use company funds to pay for this without incurring a personal BIK charge?
And from the company's accounts, it is treated as a capital allowance at 12.5%pa over eight years. Is this correct?
Finally, is there any exposure to CGT for what will be an enhancement to the house and a slight increase in value?