Tax deductions for reefers..

Discussion in 'General Discussions and Advice' started by Nemos Janitor, 19 Jun 2015.

  1. Nemos Janitor

    Nemos Janitor

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    Just wondering if i can claim a rebate on previous TAX returns for the omission of running expenses on my many tanks that served as fire security tanks? :whistling:
     
    red deacon and Jenaid like this.
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  3. Nemos Janitor

    Nemos Janitor Thread Starter

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    This may sound like tongue in cheek. But you can claim TAX deductions for all your tank purchases. !!!

    Can you?
     
  4. archiecrain

    archiecrain

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    My tax lady already doesnt like me.....I think If i tried she would fire me as a client:m23:
     
  5. Nemos Janitor

    Nemos Janitor Thread Starter

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    She is going to love you. The $$$ she will make from all those reclaims. Win Win:m108:
     
  6. Momo

    Momo

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    If it part of your buisness yes you can. so technically if you declare someof the income from selling say frags you should be able to clain the expenses related to producing your income (from tax point not taking into account any issues in term of other law regarding livestock sale)
     
    Dian6430 likes this.
  7. RiaanP

    RiaanP Moderator

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    For your home aquarium, if its a substantial part of your income. Does not have to be your sole income.
    But you need all the supporting paperwork. But it will be a mission to convince the taxman.

    Work aquarium, like in an entrance area or waiting room. To keep waiting customers "entertained". Maybe then yes.

    Couple of years ago it would have been easier. Taxman clamped down on a lot. My Car and Topcar magazine subscriptions I deducted from tax, 15 years ago. When I still worked in the car financing industry. When asked I replied that I need to know whats going on in my clients business environment and whats up with their competitors. While I'm in IT. Taxman accepted that.
     
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