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Bank Charges on Personal Account

  • 05-09-2016 10:21AM
    #1
    Registered Users, Registered Users 2 Posts: 47


    For a period of time I used my personal account to run my self employed business.

    During that period I incurred some bank charges.

    Then I opened a Business account.

    Question: Am I able to claim those personal bank charges as a business expense?

    Cheers


Comments

  • Registered Users, Registered Users 2 Posts: 2,671 ✭✭✭exaisle


    Expenses incurred wholly and exclusively for business purposes are allowable as a deduction.


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