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Make provision for the removal of asbestos roofs?
To protect people and the environment against exposure to asbestos, a general ban on materials containing asbestos such as roofing will apply from 1 January 2024.
A large part of the Dutch asbestos roofs is located on roofs in the agricultural sector. The government encourages the remediation of asbestos roofs in various ways, for example through subsidies and investment deductions.
If the roof is removed, a new roof will have to be installed. The total costs therefore amount to more than just the costs of removal. What are the tax consequences?
Can you make a provision for the removal of asbestos roofs?
You may deduct the costs for the asbestos removal from your profit in the year in which the expenditure is incurred. You may form a provision for these maintenance costs on the basis of quotations, whereby you may include a cost item in this year for the current and previous years. In the following years, a portion of the profit is added to this provision as costs each year. Read more on the acconâ– avm website.
By making use of a provision for the removal of asbestos roofs, the profit for the year in question can be significantly reduced. However, all conditions must be met. The acconâ– avm advisers are happy to discuss the options with you. make use of our contact form.
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