I am a coach in my secondary occupation and in 2022 I started a coaching course that cost me around €13,000. It ends in May this year.Do I have to write off the cost over several years? (How many?)
Or should I simply claim the cost in 2022, when I paid for the course?
Thank you in advance for your help!
I don't think you can really write it off, because there isn't really anything. Nothing tangible, but also nothing intangible (such as a website or something similar). What you could possibly do is to do depreciation over two years, because the course also runs for two years. Then you simply spread the cost over the years that the course runs, which seems fine to me. Even if you do that through depreciations.
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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