Community

Purchases of garage box (new build) for storage

JD
2023-07-18

Question

Hello,

We are looking for additional storage space for our business. We have found a new garage box in the neighbourhood.
Can we purchase such a garage box in the name of the business? How many years does it take to write this off? Since we are talking about a new construction project, we also have to pay 21% vAT. Would it be beneficial to change our statute (from vAT exempt to subject to VAT)?

Are there any other options? Does anyone have similar experience?

Sounds interesting, especially for vAT recovery.

Depreciation period, no idea... They say 33 years for buildings, but that's really long. What do you get when you look it up? Maybe consult an advisor?

Ask a question
Ask your question to the Dexxter community with over 25.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

invoicing buildings

Closing a business as a non-vAT payer (sole proprietor: self-employed in secondary occupation with VAT exemption)

Electricity settlement invoice

How to record payments from Stripe

Sales invoice by email from dexxter

Is fitness deductible as a sports instructor?

customer list

Daily receipts exemption under Article 44 + SME exemption counter.

Submitting quarter social security contributions

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter