-
Welcome to The Farming Forum!
As part of this update, we have made a change to the login and registration process. If you are experiences any problems, please email [email protected] with the details so we can resolve any issues.
Tax relief on general purpose shed
- Thread starter grass man
- Start date
- Location
- North West Wales
Building? You mean repairing 
Steevo
Member
- Location
- Gloucestershire
Building? Not really.
Plant and machinery? Most certainly.
Your accountant will know best. If you have an inspection is the one that will have to argue it.
Plant and machinery? Most certainly.
Your accountant will know best. If you have an inspection is the one that will have to argue it.
Charolais cattle
Member
- Location
- Ireland
The storm's were very bad December... u had shed repairs to do...
wellingtonfarmer
Member
- Location
- Herefordshire
What about the labour used to construct the shed? That can be put against tax can't it?
- Location
- East yorks
We have just had a new shed put up and the bolt boxes and panels will be concreted into the floor therefore I couldn’t say they were moveable (or planned to be moveable) so I didn’t claim them.
In the end it’s you not the accountant who would have to explain and justify to HMRC in an inspection.
In the end it’s you not the accountant who would have to explain and justify to HMRC in an inspection.
Mark C
Member
- Location
- Bedfordshire
Definitely get the cost of the shed structure and erection invoiced separately.
Forever Fendt
Member
- Location
- Derbyshire
Be creative or artistic i would not worry to much plenty of bigger fish to fry out there,But it may limit your choice of shed builder
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
Don't think so..................at least not if its booked down as labour to put a new shed up.
Nearly
Member
- Location
- North of York
Why not put the shed up yourself and pay labour to do other jobs on the farm that day?
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
Might work on paper, at a practical level it's probably better to pay someone who knows what they're doing to put the shed up and do the work you know and understand yourself. It would be fraud to suggest you get the guys who put the shed up to invoice you for a few days tractor driving so I won't do that.
dannewhouse
Member
- Location
- huddersfield
as above invoice for repairing concrete etc at another address and building supply on another invoice you 99.99% wont get an inspection and if you do how can anyone prove you didn't do the shed work?
perhaps get all materials invoiced to the new build and perhaps telehandler or cherry picker hire and accept no relief on that?
perhaps get all materials invoiced to the new build and perhaps telehandler or cherry picker hire and accept no relief on that?
- Location
- Montgomeryshire
My accountant told me that the erection of the shed was fully deductible, as it's just contract labour. The only thing that can't be claimed on is the actual structure of the shed.
Whether any concrete panels are 'movable plant and machinery' is a bit more arguable, as would whether the new concrete floor was repairing and replacing that knackered concrete yard that was there before.....
Whether any concrete panels are 'movable plant and machinery' is a bit more arguable, as would whether the new concrete floor was repairing and replacing that knackered concrete yard that was there before.....
Lawless
Member
Steevo
Member
- Location
- Gloucestershire
If you bought the building and then paid someone to put it up separately then it seems a sensible argument.
- Location
- Montgomeryshire
That's what my accountant said, and what we/he put it down as. It's just someone doing some building work for you, the same as if he were building a wall somewhere. Would you not put that through?
- Location
- Montgomeryshire
Yes, it needs separate invoicing, rather than an invoice for an 'erected shed' I guess.