New fences - tax deductable??
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  1. #1
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    Default New fences - tax deductable??

    Can I put my new fence at the back of my garden (or maybe 50%) through my accounts? The old ones were rotten...

  2. #2
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    No. They would come under home improvements.

  3. #3
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    You can repair an existing fence and claim a percentage based on how much you use the garden for business and family. You cannot claim for a new fence or total replacement.

  4. #4
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    Quote Originally Posted by blue bear View Post
    You can repair an existing fence and claim a percentage based on how much you use the garden for business and family. You cannot claim for a new fence or total replacement.
    No point in repairing our panels, they are only good for matchsticks now

  5. #5
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    I think that if when you started childminding that you had to replace all the fences because they weren't high enough and children could have escaped or strangers could access your garden then you could put the whole cost through but any replaced panels from then on would be general wear and tear - although I like blue bears suggestion of putting through a percentage as if you didn't replace the panels your garden wouldn't be safe for the children to use. I often put through items as a percentage - if I was ever investigated by the tax department and they disagreed with my book keeping I would just have to pay it back but now the tax threshold is so high I would still be under the threshold even if they didn't agree with my creative accounting

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  7. #6
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    Our garden used to be just gravel. A few years ago, we had our garden turfed, play bark laid and new fences put up. I put it through as a percentage, since I wouldn't have had play bark if I wasn't a childminder. We also had a gate put up to stop children going down the side of the house. I put this through at full price.

    Don't know if this is right or not, but my income was well below the tax threshold anyway, so I don't really care.

  8. #7
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    Quote Originally Posted by gef918 View Post
    Our garden used to be just gravel. A few years ago, we had our garden turfed, play bark laid and new fences put up. I put it through as a percentage, since I wouldn't have had play bark if I wasn't a childminder. We also had a gate put up to stop children going down the side of the house. I put this through at full price.

    Don't know if this is right or not, but my income was well below the tax threshold anyway, so I don't really care.
    I'm the same as you I put through full price of play bark each year under the swing and slide - my children are grown up and left home so I wouldn't have to buy bark if I didn't childmind.

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    Quote Originally Posted by hectors house View Post
    I'm the same as you I put through full price of play bark each year under the swing and slide - my children are grown up and left home so I wouldn't have to buy bark if I didn't childmind.
    My understanding is that you can replace like for like so if anyone asks it was always bark and you are replacing it as it degrades over time
    Debbie

 

 

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New fences - tax deductable?? New fences - tax deductable?? New fences - tax deductable??

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