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Are insurance premiums a tax deductions from a business?

Posted 15 November 2013 under Tax Q&A


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As a sole proprietor, can I deduct insurance premiums on electronic equipment as an expense? (3x computers I use to carry on my trade as an animator)

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.

TaxTim TaxTim says:
16 November 2013 at 18:20

Only if they relate to the equipment used for work and not for any personal use.

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