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Importing from china

cocopops999 · 2024-05-26 22:41:51

Hi I'm setting up a small crafts business and looking at important some children's clothes from china. If I buy off the likes of temu /shein (its an accessory to my product..product is handmade in ireland) can I offset the cost against my tax bill? I can't find the answer to this anywhere? Thanks for any advice.

26-05-2024 10:41pm

#1

cocopops999

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Hi
I'm setting up a small crafts business and looking at important some children's clothes from china. If I buy off the likes of temu /shein (its an accessory to my product..product is handmade in ireland) can I offset the cost against my tax bill? I can't find the answer to this anywhere? Thanks for any advice.

Post edited by whiterebel on May 27

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Answers

#2 27-05-2024 10:35am

whiterebel

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MOD: Moving to business as this is a consumer forum.

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#3 28-05-2024 10:29pm

Gloomtastic!

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Sounds like you’re a sole trader. The cost of an item, if it’s sold as part of another item, can be offset against tax.

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#4 28-05-2024 10:33pm

Vestiapx

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https://www.boards.ie/discussion/2058353344/importing-from-china

Hi OP
This is very basic I think you should see if your local enterprise board can get you mentorship or startup advice
It a very basic question and would make me feel that you are an ideas and energy person , which is fine , but not a systems and rules person. Wouldn't hurt to see what supports would be available

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