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Storage shed Limited company

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  • 01-01-2021 9:23pm
    #1
    cruiser202006
    Registered Users Posts: 366 ✭✭


    Have a limited company and in the process of building at the moment. Planning on putting up a shed for storage of tools, equipment and materials. Is this something that can be put through the company??


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    #2
    Baby01032012
    Registered Users Posts: 1,622 ✭✭✭Baby01032012


    Of course it can as an asset of the company if the tools are part of the business, where is shed being built though ie who owns the land? If in your own back garden I’d think unlikely.


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    #3
    cruiser202006
    Registered Users Posts: 366 ✭✭cruiser202006


    Baby01032012 wrote: »
    Of course it can as an asset of the company if the tools are part of the business, where is shed being built though ie who owns the land? If in your own back garden I’d think unlikely.

    Yes it will be to rear of property


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    #4
    Baby01032012
    Registered Users Posts: 1,622 ✭✭✭Baby01032012


    What happens if you sell your house. You won’t have access to your shed. Ask your solicitor or just leave shed as you’re own.


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    #5
    Water John
    Registered Users Posts: 21,453 ✭✭✭✭Water John


    Build it with personal capital and the company rents it from you, might be the most practical.


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