Now this is something I've often pondered, and
could now be in a position to do something about (mainly because there's no building society ownership of the house anymore
)
I have a garage full of junk. It has a leaky asbestos roof, it's not fit for storing anything in. And yet...it's attached to the side of the house...with an electric supply.
I need to get around to getting quotes on waterproofing it and adding some sort of security system, and then work out a. whether I can insure the kit in it (they were dubious last time I asked due to the flat roof) and b. whether it's actually cost effective to do so.
But, as much as it's an ideal situation without having to do a 20 mile round trip to my current storage facility, there are also HMRC implications to consider as far as I understand things. Because it's part of the house, the business can't pay the full amount of the conversion because it
could be used for my own purposes as well as for the business. So is it a case of doing it out of my own money and then charging the business "rent"?
Hmmm....food for thought...