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Pricing own property sold to own business

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  • 12-06-2020 4:35pm
    #1
    s7ryf3925pivug
    Closed Accounts Posts: 4,007 ✭✭✭


    If I set up a ltd company and sell my own stuff to it, how do I know what to charge for it?
    I think you can charge full price for anything purchases within six months before setting it up, but almost all of it is older.
    The stuff I have in mind is computer hardware and a couple of pieces of furniture.
    Is there a clear cut rule, like take the original price and decrease it by x% for each year old that it is.


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    #2
    Gloomtastic!
    Registered Users Posts: 8,479 ✭✭✭Gloomtastic!


    Paisleigh Gigantic Tentacle wrote: »
    If I set up a ltd company and sell my own stuff to it, how do I know what to charge for it?
    I think you can charge full price for anything purchases within six months before setting it up, but almost all of it is older.
    The stuff I have in mind is computer hardware and a couple of pieces of furniture.
    Is there a clear cut rule, like take the original price and decrease it by x% for each year old that it is.

    But then you personally are liable for any tax on income you receive from selling the goods to your business.

    Talk to your accountant about it. There may be a way around it.


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