Claimable Expenses on new build guesthouse alsp PPR

S

stargazer

Guest
I am in the process of building a purpose built guesthouse which I will also be using as my principal private residence. I am already VAT registered as a tourist accommodation provider. The property will have a total of 5 bedrooms, 4 guest bedrooms and 1 for my private use. What expenses can I claim as a start up cost for my new guesthouse business? Will I be able to claim construction costs or just fit out costs? On what basis? Example house is 80% for commercial use (4 out of 5 are rentable guest rooms), will 80% of costs incurred be deductible costs. Also how is VAT treated in this regard, as my guesthouse will be VAT registered.

Any thoughts or comments welcome,

Stargazer
 
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