My business premises are rented, what expenses can I deduct?
Posted: Mon Dec 23, 2024 8:40 am
Having a business in a rented premises involves a series of expenses that we can deduct. Paying the rent for a business premises is very common for a large part of SMEs .
The lease involves a monthly payment that can be included as a deductible expense for both VAT and personal income tax . We must always remember to ask the owner for the regulatory invoice with the taxes itemized. Sometimes the only proof we have is the bank charge, but this is not enough to be able to make the deduction.
But a rented premises involves more expenses apart from the lease. Let's see which ones.
* If we carry out a phone number in ukraine reform or if we invest in repairs and maintenance we can deduct the invoices for the costs: painting, plumbing, carpentry, masonry... Also if we buy the material ourselves.
* The purchase of furniture, machinery or the installation of heating, electricity, air conditioning or any other is also deductible.
* If we ask for a loan to carry out any of these operations, we can deduct the interest generated.
* Non-state taxes and surcharges (IBI).
* Insurance contract premiums . The amount of the premiums for insurance contracts, whether civil liability, fire, theft, glass breakage or others of a similar nature, on the leased assets is deductible.
* Administration, surveillance, concierge , etc. expenses
. * Expenses caused by the formalization of the lease as well as legal defense expenses related to the premises.
The lease involves a monthly payment that can be included as a deductible expense for both VAT and personal income tax . We must always remember to ask the owner for the regulatory invoice with the taxes itemized. Sometimes the only proof we have is the bank charge, but this is not enough to be able to make the deduction.
But a rented premises involves more expenses apart from the lease. Let's see which ones.
* If we carry out a phone number in ukraine reform or if we invest in repairs and maintenance we can deduct the invoices for the costs: painting, plumbing, carpentry, masonry... Also if we buy the material ourselves.
* The purchase of furniture, machinery or the installation of heating, electricity, air conditioning or any other is also deductible.
* If we ask for a loan to carry out any of these operations, we can deduct the interest generated.
* Non-state taxes and surcharges (IBI).
* Insurance contract premiums . The amount of the premiums for insurance contracts, whether civil liability, fire, theft, glass breakage or others of a similar nature, on the leased assets is deductible.
* Administration, surveillance, concierge , etc. expenses
. * Expenses caused by the formalization of the lease as well as legal defense expenses related to the premises.