As home working looks like it’s here to stay, we are being asked more and more about whether clients can pay for a garden office, or pod, through their limited company.
Investing in small companies can feel risky – as a business person you will know that not all new ventures are a success. However, the government does offer incentives to support investors to mitigate their risk with tax savings.
The surprising answer to this question is usually no. This is because inheritance tax (IHT) is usually levied on a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts and gifts.