I would like to claim 15% of the depreciation cost from my home as an expense for my sole proprietorship (office space, etc.). How can I process this in the depreciations?
E.g.: Purchase price incl. costs = EUR 300,000 – depreciation over 30 years = EUR 10,000 per year x 15% professional portion = EUR 1,500/year depreciations.
Thank you
A similar story about processing general expenses without an invoice (e.g. account statements for payments of fire insurance, mortgage loan, etc.)
Hello,
Although it may seem attractive to use your own home as an investment, there are some important reasons why you should not use your home as an investment. We have summarised these reasons in the next article: https://dexxter.be/drie-redenen-office-huis-beter-niet-inbrengen-als-kost/
If you search for insurance in the learning center, you will also find a detailed article and instructional video on this subject. This article discusses tax-deductible insurance policies and the instructional video shows you how to enter them in your accounts.
Thank you for your answer.
I can also find this information back here:
Cessation gains
If capital gains are realised on tangible or intangible fixed assets upon definitive cessation, these may be taxed at 10% in the next cases: when the cessation takes place at the age of 60 years or older, upon death or in the event of forced definitive cessation. If the cessation takes place at other time, a tax rate of 16.5% is applied to tangible fixed assets and 33% to intangible fixed assets (provided that the requirements of the '4x4 rule' are met).
If the enabled (e.g. real estate) continues to be used for private purposes for several years after the cessation before it is sold, the capital gains realised will no longer be taxed. Capital gains realised during the term of the sole proprietor on tangible fixed assets held for more than 5 years are also taxed at a rate of 16.5%.
Is this correct? And what is meant by 'a few years' after cessation?
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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