A number of posters have mentioned cgt implications of this recently. The implication is claim 50% esb and leave yourself open to losing 50% of your PPR relief.
Are there any revenue guidelines about claiming a % of home expenses if you are self-employed and don't have a separate office outside of your home?
Will it really have CGT implications when you sell your house? i.e. if you claim a couple of hundred quid on these expenses could you be open to being hit for fifty grand in a few years time? I was under the impression that a credible amount was ok. I can understand that if you claim construction costs in converting a room or garage you could be entering dangerous teritory but esb? Has anyone come accross this in practice? Considering the sums of money involved nowadays this is serious stuff.
Are there any revenue guidelines about claiming a % of home expenses if you are self-employed and don't have a separate office outside of your home?
Will it really have CGT implications when you sell your house? i.e. if you claim a couple of hundred quid on these expenses could you be open to being hit for fifty grand in a few years time? I was under the impression that a credible amount was ok. I can understand that if you claim construction costs in converting a room or garage you could be entering dangerous teritory but esb? Has anyone come accross this in practice? Considering the sums of money involved nowadays this is serious stuff.
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