Self employed expenses – what can’t be claimed? The general rule is that you cannot claim for any private expenses i.e. Any expense, not wholly and exclusively paid for the purposes of the trade or profession Any private or home expenditure e.g. your own wages, food, clothing (except protective clothing), income tax etc. Business entertainment…
I am a coeliac / diabetic and follow a special diet. Can I claim tax relief on the cost of my food? Yes. The cost of gluten-free and diabetic foods manufactured specifically for coeliacs and diabetics is an allowable expense. A letter from your doctor stating that the individual in respect of whom the claim is made has the condition and…
Home renovation scheme You can obtain an income tax credit of 13.5% of qualifying improvements to your home or a rental property. This is equivalent to vat on the job The credit is paid over 2 years following the year in which the work was carried out. The annual minimum qualifying expenditure is €5,000 and maximum is…
