Claiming back VAT on a rented unit

Claiming back VAT on a rented unit

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jimboe39540i

Original Poster:

31 posts

157 months

Thursday 26th March 2015
quotequote all
I want to rent out a unit to store and work on some classic cars. I'll mostly do my own work but maybe a little for other people in time.

If i set up a limited company to rent the unit, register for VAT will I then be able to claim back from HMRC any VAT I pay on rent and bills?

Could I claim back the VAT on any tools and equipment for "the business" ?

Would it be ok to store my own cars in the unit or would the business have to charge me personally for this, if so could a nominal fee be charged?

Thanks for any advice



jimboe39540i

Original Poster:

31 posts

157 months

Friday 27th March 2015
quotequote all
Thanks for the help smile