Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Claiming Light and Heat expenses against tax

  • 26-02-2010 4:15pm
    #1
    CapedCrusader
    Registered Users, Registered Users 2 Posts: 215 ✭✭


    If, operating as a sole trader, you claim a portion of light and heating expenses incurred in your home, are you then liable for capital gains if you sell the house?

    Thanks,

    CC


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    No

    Only if you are going to claim rent or a portion of the mortgage interest. Then it would not be you PPR but actually your office. You would have to pay CGT on the portion of the hose you use as an office.

    Dbran


  • #3
    CapedCrusader
    Registered Users, Registered Users 2 Posts: 215 ✭✭CapedCrusader


    Thanks Dbran, that's great :-)

    Cheers

    Jody


  • #4
    happyeveryday
    Registered Users, Registered Users 2 Posts: 117 ✭✭happyeveryday


    Look at the attached leaflet for revenue guidance on this.
    http://www.revenue.ie/en/tax/it/leaflets/it69.html


Advertisement