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Posted Fri, 17 Mar 2023 14:06:22 GMT by Gabriel
Hi! I have a question about the allowable expenses in a limited company - can the equipment for the break room for the director and employees (for example fridge, microwave, oven) be an allowable expense? Are there any restrictions on what can and cannot be (such as a refrigerator can be an allowable expenses but an oven not)? Can such equipment be allowable expences if the company does not employ employees? Are there any other restrictions? Thank you!
Posted Thu, 23 Mar 2023 09:30:15 GMT by HMRC Admin 20
Hi Gabriel Brudniak,

You can claim capital allowances on items that you keep to use in your business - these are known as "plant and machinery" and would include the items you mention.
In most cases you can deduct the full cost of these items from your profits before tax using the annual investment allowance (AIA).
You can only claim AIA in the period you bought the item. If you buy something under a hire purchase contract you can claim for the payments you have not yet made when you start using the item. You cannot claim on the interest payments or charges.
Further guidance on capital allowance can be found at: Claim capital allowances

Thank you.

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