Garden shed
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CTPlastering
Well-Known Member
If you use it solely for work stuff , 100 percent , other wise its on a percentage of how much would be / is used for work 
PlasterCraftDundee
Well-Known Member
Of course it will be for work stuff, what plaster would be without a lawn mower, garden shears, plant pots, cutting of carpets and the other 2548 things we store in our sheds
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Danny
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@BetterTAX probably can clarify
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irish_spread
Private Member
Where I live a garden shed is like a buy to let. Well you let it out and bye bye to neighbourhood my freind.
No declare to taxing man boss, but free Freeview :RpS_thumbup:
No declare to taxing man boss, but free Freeview :RpS_thumbup:
leebo02
Well-Known Member
:RpS_lol:
BetterTAX
Member
Morning!
Yes, as I said last night, although you could argue that it is to lock tools away, HMRC could well not accept it.
Mind you, I guess if you can totally prove that all you keep in there is work tools... I think you'd have to really cram it with tools and leave no spaces for anything else, and take photos... but spaces would indicate a mower is usually there...
As a sole trader or self employed you'd probably have more chance of getting it accepted and as mentioned by @CTPlastering, a % could probably be negotiated - after all, you're not allowed (for insurance) to leave tools in vehicles overnight, so they have to go somewhere.
Your accountant should be able to sort this out for you. If you don't have one (eyes glint!) why not call us for some advice anyway?
Yes, as I said last night, although you could argue that it is to lock tools away, HMRC could well not accept it.
Mind you, I guess if you can totally prove that all you keep in there is work tools... I think you'd have to really cram it with tools and leave no spaces for anything else, and take photos... but spaces would indicate a mower is usually there...
As a sole trader or self employed you'd probably have more chance of getting it accepted and as mentioned by @CTPlastering, a % could probably be negotiated - after all, you're not allowed (for insurance) to leave tools in vehicles overnight, so they have to go somewhere.
Your accountant should be able to sort this out for you. If you don't have one (eyes glint!) why not call us for some advice anyway?
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BetterTAX
Member
Our sole trader prices are £199.99 (+ vat) for each years' tax return we do. Our sole trader page gives more info... and we certainly look forward to working with you! Good luck with your course .
As a sole trader, once you're established, I would think you'd be doing your tax return towards the end of January (for that year) as you would hopefully be making a nice profit but have to pay tax.
In your first years, there's a break even or loss, so can be done sooner, to get it out of the way. As always, call for advice - it's free!
.As a sole trader, once you're established, I would think you'd be doing your tax return towards the end of January (for that year) as you would hopefully be making a nice profit but have to pay tax.
In your first years, there's a break even or loss, so can be done sooner, to get it out of the way. As always, call for advice - it's free!
Thanks for the advice. My mrs is actually an management accountant, so although is good for doing the majority of the work she doesn't have much experience in sole traders and what with month end she isn't around to hassle (bliss) but I have a few queries that I need to ask hmrc so will add this to the list.
s.p.t plastering
Active Member
Our sole trader prices are £199.99 (+ vat) for each years' tax return we do. Our sole trader page gives more info... and we certainly look forward to working with you! Good luck with your course
As a sole trader, once you're established, I would think you'd be doing your tax return towards the end of January (for that year) as you would hopefully be making a nice profit but have to pay tax.
In your first years, there's a break even or loss, so can be done sooner, to get it out of the way. As always, call for advice - it's free!
I need a new accountant and someone to sort my tax out....As bit up in the air at the moment....
BetterTAX
Member
@s.p.t plastering Do give us a call and see if we can be that accountant for you
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