Office gym - BIK?

[PurpleMoonlight]

Just had a bright idea, maybe.

I have the space to put in a small gym for employees (3) and I have a shower facilities on site. Im thinking of an exercise bike, rowing machine and treadmill.

If I did, would it be a legitimate expense of the Ltd and would employees using it suffer any BIK?

[Devilstreak]

As long as it is just for staff and no public use is available then there is no BIK.

[Dr Interceptor]

Yup, if it's on site, and not open to the public, then you're absolutely fine, no BIK.

Provide a gym membership to employees, then there's BIK implications.

[PurpleMoonlight]

Excellent, equipment being delivered next week.

[Eric Mc]

The larger items of equipment should be available for Capital Allowances - and probably the Annual Investment Allowance of 100%. Make sure you check all this out with your accountant.

[PurpleMoonlight]

Thanks Eric, will do.

I may hire the stuff initially in case the enthusiasm dies quickly ...