can anyone answer this easily ?
1. A new shop (under lease) - is there a capital allowance for fitting out the shop (carpentry, painting etc.) & over what period can it be deducted (it's not maintenance as such);
2. Depreciation - would the alarm be included in this as an asset (over what period 8 years ?)?
3. The sole trader tax ros form has a note on it stating that depreciation should be added back for the adjusted profit computation - I thought it was allowable for tax purposes ?
Is there anywhere this information is clearly available online ? (not on revenue.ie).
1. A new shop (under lease) - is there a capital allowance for fitting out the shop (carpentry, painting etc.) & over what period can it be deducted (it's not maintenance as such);
2. Depreciation - would the alarm be included in this as an asset (over what period 8 years ?)?
3. The sole trader tax ros form has a note on it stating that depreciation should be added back for the adjusted profit computation - I thought it was allowable for tax purposes ?
Is there anywhere this information is clearly available online ? (not on revenue.ie).