Home office in rented house - tax deduction?

L

leaba

Registered User
Messages
16
Is there a tax deduction one can claim if self-employed, and working from home office in a rented home? Can't find anything on Revenue website.

Thanks in advance. :)
 
Well, perhaps you can claim for expenses in the correct proportion, as regards private use vs commercial use.

But...
Does your lease allow you to carry out a business from the rented home? Is your landlord insured for this?, or aware of this?
 
Thanks Joe. No landlord yet - we are still looking for a place. Trying to find out if expenses can be written off, and how much deduction would be, to determine our budget.

We would certainly clear it with the landlord first. Husband is technically self-employed, but contracted solely to a firm who pay his professional liability insurance. Think the home office would be covered under that, but must check.
 
mathepac said:
His employers have no insurable interest (no "ownership" in the property in other words) so therefore it can't be covered.
Click to expand...

I see what you are saying. His contract with them does state they will cover any and all necessary insurance costs, but this thread has reminded me that we do need to look into what type of cover will be necessary to insure a home office in a rented house. Does anyone know? Would it fall under general renter's contents insurance? :confused:
 
This advice is from http://smallbusinessadviceireland.blogspot.com:
5. Home insurance (where an additional premium has been paid due to cover for an home office)

This really speaks for itself as the additional premium has been incurred solely due to the fact that you are running a business from your home and it is therefore quite clearly a business expense. However, this is something that people often forget to consider. It is worth reviewing the terms of your home insurance policies when you are considering setting up a home office as many policies can be made void if you operate a business from your home without informing your insurance company.
Click to expand...
So it sounds like we would have to get the landlord to cover the home office on his home insurance. I wonder how many would be willing to do that, though, even if we paid for it. :(
 
Last edited:
You must log in or register to reply here.
Back
Top