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Sole Trader Tax Writeoffs

  • 31-12-2011 1:59pm
    #1
    Prez2
    Registered Users, Registered Users 2 Posts: 13 ✭


    I’ve been offered contract work which has required me to become a sole trader registered to my home address for just 6 months to take the contract (currently unemployed).

    Long story short I can either work from home but travel up for meetings 1-2 days a week or work at one of their offices 5 days per week.

    I’ve spoken to the local authority and it seems it would be in my interests to work from home as the commercial rates in my home would be in the region of €450 for the 6 months whereas it would cost me €110 every week travel expenses if I went up 5 days a week - which given that would be deemed private travel would not be a tax expense.

    I suppose my primary questions are:

    1. Can commercial rates be written off against tax? I’ve searched for this info and can’t for the life of me find a sentence in any of the revenue sites / PDFs that answer this.

    2. If I work from home for 3-4 days per week and travel to their offices 1-2 days per week, will the cost of that travel be an acceptable expense for me to write it off against tax? The offices I would have to visit could vary so it wouldn’t always be going to the same building but one specific building could be visited 1 day per week. Given this is known before starting the work would that travel be regarded as travel to the workplace and not a business trip, therefore not a business expense? It's fine if it isn't, I'm just trying to make sure I get everything in order on my records.

    3. I’m renting my property where I will have the home office and I have approval from the landlord to register the business at this address and to run the business from the box room – they’re doing their own checks on whether this has Capital Gains Tax implications if they sold the house but I was curious if someone knows whether me using their rented property for a business that will definitely cease in 6 months will affect capital gains for them if they sold the property in the future even when the business is long dead?

    I do intend on speaking with an accountant about it all but I’d like to just get a general idea of what the thoughts are on it before I make an appointment with one.

    Thank you for any help.


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