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Working from home

  • 06-02-2009 10:31am
    #1
    an_other
    Closed Accounts Posts: 183 ✭✭


    Are there any tax breaks in working out of your primary residence?


Comments

  • #2
    SimonPRepublic
    Registered Users, Registered Users 2 Posts: 88 ✭✭SimonPRepublic


    Yes there are a few benefits. You can claim a percentages of your costs against your tax and if you are VAT registered then part of the VAT too. There is leaflet on the Revenue website regarding outlining this for small businesses. I would give them a call to talk through it, but I would always double check with an accountant.

    You'd think that with home working being so environmentally friendly, and the roads being so jammed in Ireland, that the government would have brought in more benefits to encourage businesses to get more of their staff home working. A lot of companies encourage it in London as a benefit to entice new members of staff, I think it is definitely the way forward especially with IT packages available to monitor staff remotely.

    Cheers,

    Simon


  • #3
    an_other
    Closed Accounts Posts: 183 ✭✭an_other


    That's great cheers.
    I wonder is there any breaks on mortgage payments?


  • #4
    hebeegb
    Closed Accounts Posts: 21 ✭hebeegb


    No breaks on mortgage payments, you are most likely getting mortgage interest relief, just be aware though, if you are claiming expenses from working from home and say you convert a room to an office, in the event that you sell your home it wont all qualify for private residence relief under capital gains tax, its just a point to consider if you are thinking of moving over the next few years. it might not be worth claiming a bit of light and heat and a bit of a telephone bill if its going to cost you down the road. better being as mobile as you can, e.g us a laptop instead of a PC, use a mobile phone and claim all that instead of a landline, try and work "on site" etc....


  • #5
    Fidget
    Closed Accounts Posts: 12 ✭Fidget


    The chances are you won't be entitled to any tax breaks. I work from home a couple days a week and looked into the tax breaks and whilst they are available, it's not easy to qualify. The one that is the most likely to scupper any claim is that you are homeworking out of choice/convenience rather than necessity - that's necessity on the employer's part and not because the plumber is coming to fix your boiler of whatever. The actual wording of it, is:

    * at no time either before or after the contract is drawn up is the employee able to choose between working at the employer's premises or elsewhere.

    So basically, if you need to work at home on the insistence of your employer (an employer encouraging homeworking doesn't count), then you'll be eligible, otherwise you won't.

    That's how it works in the UK anyway... just noticed that you're in ireland...


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