What expenses can’t I claim as a self employed person ?

The general rule is that you cannot claim for

• Any expense, not wholly and exclusively paid for the purposes of the trade or profession
• Any private or domestic expenditure e.g. your own wages, food, clothing (except protective clothing), income tax etc.
• Business entertainment expenditure i.e. the provision of accommodation, food, drink or any other form of hospitality.
• Cannot claim capital expenditure in calculating your taxable profits, however you can claim capital allowances on same

Where expenditure relates to both business and private use, only that part which relates to your business will be allowed. Examples of such expenditure are rent, electricity, telephone charges etc., where the premises involved is used partly for business and partly for private purposes. These expenses will need to be apportioned to exclude the private use.

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie