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What are 'Capital Allowances - non-specified relief' on tax return

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  • 20-08-2015 7:52am
    #1
    edboard
    Registered Users Posts: 2 ✭


    Hi,

    I am completing the Form 11 tax return. What would be considered under the section:

    Capital Allowances for the year 2014 - (i) Non-specified relief capital allowances

    Thanks

    Ed
    Tagged:


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    #2
    Alan Shore
    Registered Users Posts: 735 ✭✭✭Alan Shore


    Broadly speaking non specified capital allowances are your routine capital allowances on plant and machinery or motor vehicles.

    Specified reliefs are generally property related capital allowances.


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    #3
    edboard
    Registered Users Posts: 2 ✭edboard


    Thanks for your response Alan. Last year my accountant put value in here in relation to a property I rent out, now I am doing my own tax return I can't figure out what this might have been. Can you think of what might go in here in relation to a rented property? Is this in relation to capital purchases or depreciation of capital items?

    Thanks,

    Ed


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    #4
    barneystinson
    Registered Users Posts: 4,683 ✭✭✭barneystinson


    edboard wrote: »
    Thanks for your response Alan. Last year my accountant put value in here in relation to a property I rent out, now I am doing my own tax return I can't figure out what this might have been. Can you think of what might go in here in relation to a rented property? Is this in relation to capital purchases or depreciation of capital items?

    Thanks,

    Ed

    So basically what you're saying is, "ohhhh so that's why I was paying an accountant ".... ;)


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