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Interesting, thanks. So a home office would be okay but not the base?You can't claim for it as it isn't a mobile structure. I asked the question recently with regards to building exterior storage for my kit/water purification. The guidance is complex but simplified, if it is a fixed structure you can't claim, the lean to will be attached to your house, if you go for a shed you can claim for the shed but not the cost of the base.
Not exactly. A home office that could be moved onto the back of a trailer without the need for taking it to pieces could be put towards capital gains. Essentially it all comes down to it being a mobile structure. My accountant seemed really stressed with me when I was suggesting it ?. It sounded to me that It's a difficult one for them to navigate. When you break it down it's easy to see what the rules are saying, on the whole people will put up a 14x12 shed, use it as a home bar and then leave it when they move. If however you're putting up a 8x6 shed type structure say, it would be easier to argue it's movable and would be used for its actual purpose. I have 2 vans and 2 employees and would struggle to persuade the tax man that I need a home office. I think by the time you do need something like that you're half way to needing a unit anyway. If you're running that sort of size operation then the money would be better spent as a deposit on a business mortgage for a light industrial unit.Interesting, thanks. So a home office would be okay but not the base?