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How to claim building materials?

  • 14-01-2016 7:17pm
    #1
    summereire
    Registered Users, Registered Users 2 Posts: 299 ✭✭


    Hi, I've been trying to find info on this but haven't been turning up much- how does a business go about tax deduction for renovations to an existing business building?

    There are a few different types of expenses: labour costs for builders, hire costs and the actual cost of the materials.

    Can these be claimed outright, or partially over a number of years or do you just reduce it if you sell the property in the future from the CGT? I'm confused! Thanks


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    Well it depends if it's repairs, assets qualifying for capital allowances or enhancement expenditure.


  • #3
    summereire
    Registered Users, Registered Users 2 Posts: 299 ✭✭summereire


    Thanks. Its repairs to an existing commercial building and general renovation: i.e. roofing work, plastering, painting etc and some groundworks.


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