Marian2017
Registered User
- Messages
- 15
Personally I've never found blind faith in the infallibility of accountants to be a wise thing. And you'd be amazed the useful information that can be gleaned from 'randomers on the internet'.Your accountant will be best able to advise if this is a good idea, it's too complicated and potentially costly to go by the advice of randomers on the internet!
If you have blind faith in your accountant or believe that they are infallible, then the problem is with you, not them. That said, assuming you and your accountant have a good and positive relationship, they will usually know more about you and the specifics of your business affairs than practically anyone else and will be therefore best placed to give you optimal advice - which yours appears to have done here.Thanks all. Yes, the accountant didn't explain the issue. He had advised me not to charge VAT on the rental but failed to mention that it meant VAT on costs couldn't be claimed. I couldn't find anything on the Revenue website relating to the 'main business' comment thus the question here.
Personally I've never found blind faith in the infallibility of accountants to be a wise thing. And you'd be amazed the useful information that can be gleaned from 'randomers on the internet'.
You may be required to charge VAT, it may be optional.Landlords have an option to charge VAT on commercial letting. Your accountant will be best able to advise if this is a good idea, it's too complicated and potentially costly to go by the advice of randomers on the internet!
Your accountant may not be very good at explaining things but as with anyone you buy services from it is important that you ask the right questions and satisfy yourself that the advice you are getting is correct.Thanks all. Yes, the accountant didn't explain the issue. He had advised me not to charge VAT on the rental but failed to mention that it meant VAT on costs couldn't be claimed. I couldn't find anything on the Revenue website relating to the 'main business' comment thus the question here.
Blind faith in anyone is a bad idea. Everyone is fallible and nobody is more interested in your business than you.Personally I've never found blind faith in the infallibility of accountants to be a wise thing. And you'd be amazed the useful information that can be gleaned from 'randomers on the internet'.
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