Ltd Company legitimate expenses

Ltd Company legitimate expenses

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The company Directors live in the property but do not own the property. It is owned by another family member.

The company employ staff who work from the home office.

Any views please.

LM
Lucy Morris

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By User deleted
12th Feb 2006 10:55

Not so sure
I'm not so sure about this. The Revenue booklet 480 about benefits specifically excludes any building work

"5.1 The following expenses payments and benefits are not normally taxable under the provisions
described in this booklet.
Office accommodation, supplies or services
Section 316 Accommodation, supplies or services (for example office services and equipment, and
consumables) used by the employee in performing his or her duties, where the following
conditions are satisfied
• if the benefit is provided on or in the employer’s premises the only condition is that
any use of the benefit for private purposes by the employee is not significant
• if the benefit is provided elsewhere
– the employer’s sole purpose in providing it must be to enable the employee
to perform the duties of his or her employment, and
– any use of the benefit for private purposes by the employee is
not significant, and
– that the benefit is neither the provision of a motor vehicle, boat or aircraft,
nor involves the extension, conversion or alteration of living accommodation or a
building on land adjacent to it, or the construction of a building on such land."

A road is not specifcally included, but the use for private purposes must be more than incidental.

Any views on this?

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