Selfemployed deduction 2005
If you are self employed and spend more then 1,225 hours per year for your business and you are younger then 65 then you are able to claim the self employed deduction. The amount of the deduction depends on the (net) profit you made with your business. You will find the amounts for 2004 and 2005 in the table below. As you can see the deduction is much higher in 2005 compared to 2004.
If you were not self employed within five years before the current year and you didn't use the self employed deduction in more then two years then the self employed deduction will be raised with the startersdeduction. In 2005 this startersdeduction is € 1,969 and in 2004 the startersdeduction was € 1,941.
Self employed deduction 2005 and 2004 |
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Profit in 2005 between |
Deduction |
Profit in 2004 between |
Deduction |
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| € 0 | € 13,030 | € 8,386 | € 0 | € 12,850 | € 6,585 |
| € 13,030 | € 15,115 | € 7,796 | € 12,850 | € 14,905 | € 6,122 |
| € 15,115 | € 17,205 | € 7,209 | € 14,905 | € 16,965 | € 5,660 |
| € 17,205 | € 49,275 | € 6,425 | € 16,965 | € 48,595 | € 5,045 |
| € 49,275 | € 51,360 | € 5,864 | € 48,595 | € 50,650 | € 4,604 |
| € 51,360 | € 53,450 | € 5,244 | € 50,650 | € 52,710 | € 4,118 |
| € 53,450 | € 55,530 | € 4,628 | € 52,710 | € 54,765 | € 3,634 |
| More then | € 55,530 | € 4,068 | More then | € 54,765 | € 3,194 |