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Contractor getting garden room for home office

  • 16-06-2022 2:18pm
    #1
    Ush1
    Registered Users, Registered Users 2 Posts: 11,482 ✭✭✭✭


    Does anyone know if someone self employed who works from home can have a garden room built for a home office and use the company account to pay for it and can claim back the VAT etc?



Comments

  • #2
    eusap
    Registered Users, Registered Users 2 Posts: 667 ✭✭✭eusap


    yes, but it will become a company asset and you will need to depreciate over 8 years, also be careful if you intend to sell the property in the near future as you will lose your Principle Private Residents allowance and have to pay CGT



  • #3
    Ush1
    Registered Users, Registered Users 2 Posts: 11,482 ✭✭✭✭Ush1


    https://www.boards.ie/discussion/comment/119211575#Comment_119211575

    Thanks, no plans to sell the house. Would groundworks be covered as well (basically clearing some trees so the office can be built)?



  • #4
    eusap
    Registered Users, Registered Users 2 Posts: 667 ✭✭✭eusap


    i would say concrete yes, clearing trees no, but best check with your accountant before placing any orders



  • #5
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,628 ✭✭✭✭Marcusm


    Eusap,


    under which category do you consider the expenditure on ground works for a non-industrial building would qualify for capital allowances?



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