House Boat

[tom 7000]

A company bought a house boat. So when the staff( usually directors) had to stay in london they slept on the boat instead of in a hotel. Overall they reckoned this saved the company money as it was cheaper to run than london hotels.

As its tangible moveable property and used in the business but not as its premises I think you can claim capital allowances on it

HMRC seem to think you cant because its not the companys place of work...which sort of is the opposite of what I thought

Any ammunition to fight HMRc or have i no legs to stand on?

Ta

Tom

[mullet]

Does a benefit in kind arise? Was there any reason to acquire a houseboat other than for directors' accommodation? How often was it used for qualifying business purposes, how often for other reasons, and how long was it unused?

[Incredulum]

Probably significant allowances claimable at 10% rather than 20%?

Even if there is a BIK, it still looks like plant and machinery used in the trade to me?