sole trader tax questions

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).

depreciation and capital allowances are different

depreciation is how much you devalue the asset in your accounts, this can be more than the 12.5% capital allowances

yes I see what you mean (having problems posting this it may come up twice !)

as hhhh says - you have to add back the depreciation amount to adjust, then recalc as per the tax rules i.e. 12.5% p.a.. You may have an asset in the accounts depreciating over 5 years, you need to recalc it to 8 years (assuming it's allowable) for capital allowances.