{"id":15937,"date":"2024-10-03T11:02:42","date_gmt":"2024-10-03T09:02:42","guid":{"rendered":"https:\/\/www.accountable.eu\/?p=15937"},"modified":"2024-10-03T11:03:31","modified_gmt":"2024-10-03T09:03:31","slug":"self-employed-construction-expenses","status":"publish","type":"post","link":"https:\/\/www.accountable.eu\/en-be\/blog\/self-employed-construction-expenses\/","title":{"rendered":"List of deductible expenses for self-employed construction workers\u00a0"},"content":{"rendered":"\n

Are you a freelancer in the construction sector? That\u2019s a job full of challenges! And as if that wasn\u2019t enough, there\u2019s all the paperwork to manage too. Fortunately, some of that admin is to your advantage, like the deduction of professional expenses. Along with the obvious costs, such as building materials, there are other costs you might be able to deduct. Want to know more?<\/strong><\/p>\n\n\n\n

Deductible expenses: what are they?<\/strong><\/h2>\n\n\n\n

Materials and equipment are obvious deductible expenses <\/strong>when you\u2019re self-employed in the construction sector. But in reality, you can deduct any expense related to your work.<\/strong> This is true whether you\u2019re self-employed in a main or secondary occupation.<\/strong> Of course, there are other conditions<\/strong> to determine whether or not an expense can be considered professional. <\/p>\n\n\n\n

First of all, the expense must be necessary<\/strong> for your business or help you increase your turnover.<\/strong> Secondly, you always need to have proof of the expense<\/strong>, such as an invoice or receipt.<\/p>\n\n\n\n

\ud83d\udca1Accountable tip<\/strong>: you don’t have your official self-employed status yet, but you\u2019ve already run up some expenses? You can deduct expenses incurred up to 3 months before the official start date of your activity. So keep those invoices and receipts safe!<\/p>\n\n\n\n

Watch out for mixed and partial expenses<\/strong><\/h3>\n\n\n\n

Not all your expenses are 100%<\/strong> deductible.<\/strong> Your restaurant bills, for example, are only 69% deductible. These expenses are only partially deductible.<\/strong><\/p>\n\n\n\n

Other expenses are partly private and partly professional, in other words, mixed expenses.<\/strong> For these, you need to estimate the portion that corresponds to your professional use. The professional portion is then either fully deductible (e.g. internet subscription) or partially deductible (e.g. private car). <\/p>\n\n\n\n

Business expenses: different rules depending on your status?<\/strong><\/h3>\n\n\n\n

Individuals who are self-employed in a secondary occupation are subject to the\u00a0same rules\u00a0<\/strong>as those self-employed in a main occupation. There\u2019s also no significant difference between a self-employed sole trader and a company.<\/p>\n\n\n\n

In addition, freelancers can\u00a0amortise their investments<\/a>.<\/strong>\u00a0Depending on the type of investment, different amortisation rates apply, <\/strong>and these are relatively fixed.\u00a0Here, there\u2019s a difference between being a self-employed sole trader and a company.\u00a0<\/p>\n\n\n\n

A company<\/strong> must amortise an investment pro rata<\/strong> for the remaining months of the year of purchase, while a self-employed sole trader can deduct a purchase for the entire year.<\/p>\n\n\n\n

List of deductible expenses for the construction sector<\/strong><\/h2>\n\n\n\n