Moving Business Premises

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Sockpuppet replied

26 March 2008, 11:25
Your Co might be able to rent a van. To move the office. Then just cunninly pay BIK for use of the van to move your own stuff.

So its BIK on 3500/365 = £9.58

So tax of about £2.
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Flat Eric replied

26 March 2008, 11:21
Originally posted by malvolio View Post

Tax Evasion...

Unless of course, YourCo owns the house, pays business rates on it and charges you rent for living in it. And if so, I hope you've remembered to keep the CGT liability back for payment at year end.

Jeez....

Fair enough. I suspected that it wouldn't be look upon favourably (hence my cheeky quip). It wouldn't end up saving me a great deal anyway.

cest la vie.
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malvolio replied

26 March 2008, 11:18
Originally posted by Flat Eric View Post

The registered address of my ltd co is my home address.

I'm moving house and would like to expense the removal costs. Is there a formula I can use to calculate how much I'll be able to expense. Obviously I'd like to claim the full costs but appreciate that thsi might be a bit cheeky

Thx
Mark.

Tax Evasion...

Unless of course, YourCo owns the house, pays business rates on it and charges you rent for living in it. And if so, I hope you've remembered to keep the CGT liability back for payment at year end.

Jeez....
Leave a comment:
Flat Eric replied

26 March 2008, 11:16
We've got a quote for the whole house move.

I thought that it would be similar to the costs you could expense for running your company from your home. I can't remember the exact formula but it was based on the number of rooms etc.

Thx
M.
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Sockpuppet replied

26 March 2008, 11:14
Originally posted by Flat Eric View Post

The registered address of my ltd co is my home address.

I'm moving house and would like to expense the removal costs. Is there a formula I can use to calculate how much I'll be able to expense. Obviously I'd like to claim the full costs but appreciate that thsi might be a bit cheeky

Thx
Mark.

Unless you are getting charged per box or per item moved (furniture) then it'll fall foul of duality of purpose as you've got to move anyway.

If the quote is for x home boxes, 10 office boxes - £20 per box then you could expense £200 but I severly doubt that will be the case.
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Lewis replied

26 March 2008, 11:07
Originally posted by Flat Eric View Post

The registered address of my ltd co is my home address.

I'm moving house and would like to expense the removal costs. Is there a formula I can use to calculate how much I'll be able to expense. Obviously I'd like to claim the full costs but appreciate that thsi might be a bit cheeky

Thx
Mark.

Claim what you like, you may have to defend your decision with HMRC.
Good luck!
Leave a comment:
Flat Eric started a topic Moving Business Premises

26 March 2008, 11:02
Moving Business Premises

The registered address of my ltd co is my home address.

I'm moving house and would like to expense the removal costs. Is there a formula I can use to calculate how much I'll be able to expense. Obviously I'd like to claim the full costs but appreciate that thsi might be a bit cheeky

Thx
Mark.
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