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Car repairs and accounts

  • 15-12-2017 6:25pm
    #1
    josephsoap
    Registered Users, Registered Users 2 Posts: 657 ✭✭✭


    Does anyone know how are car repairs and servicing etc are treated in Farm accounts/profit and loss account ?

    Are they a straight right off of taxable income or is only a certain percentage of the cost that is allowed (add back)?

    For example if my total yearly car repairs comes to €2000, can the total amount be wrote off or would I only be allowed to write of a certain percentage (usually 33%
    Which would then allow me to write of €660)

    Cheers for any clarification :)


Comments

  • #2
    Muckit
    Registered Users, Registered Users 2 Posts: 11,174 ✭✭✭✭Muckit


    You can write off 2/3 so twice what you allocated. Same goes for anything shared between farm and personal use... ESB, phone, wifi etc


  • #3
    josephsoap
    Registered Users, Registered Users 2 Posts: 657 ✭✭✭josephsoap


    Cheers for that Muckit :)


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