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Liam Scott
Developments
The Hawthorns
Killala Road
Ballina
County Mayo
Email:
lscottconstruction@
eircom.net
Contacts
Office
096 76913 or 76870
Catherine
087 754 3675
Liam
087 256 9959
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ILLUSTRATION OF TAX SAVINGS
ON PURCHASE OF MARELLA PROPERTY
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Purchase Price (inc. VAT)
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€ 450,000
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Amount Eligible for Tax Relief (ca. 92%)
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€ 414,000
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Capital Allowance
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(€ 190,440)
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After Tax Cost of Property
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€ 259,560
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Vat registration entitles the investor to recoup VAT on legal costs, fit-out
expenditure and other related costs.
This calculation is for illustration purposes only. You are strongly advised to consult with your accountant and tax consultant for advice on the actual tax relief available.
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