I paid €1,500 for new computers. How do I claim this as a tax deduction?

Computers are considered capital assets. You can claim them as capital allowances.

Two Options:

1. Capital Allowance (Standard):
   • 12.5% per year over 8 years.
   • €1,500 × 12.5% = €187.50 per year.
   • If used 80% for business: €150 per year.
2. Immediate Deduction:
   • If the item is low-cost and used wholly for business, Revenue may allow you to claim the full €1,500 in the year of purchase.

Tip:

• Keep receipts and claim the deduction in your Form 11 tax return.
• Ask your accountant or Revenue if the immediate deduction applies.