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DSTV Subs- can one deduct for tax?



Dewald said:
5 October 2015 at 15:39

Can one deduct your DSTV Subscriptions and to what extent if one if an Investment Adviser?- Channels that I must have is Bloomberg, Business Day TV, CNBC Africa

TaxTim Marc TaxTim Marc said:
5 October 2015 at 19:04

Are you a salaried employee or self-employed ?

Dewald said:
5 October 2015 at 19:46

Self-employed

TaxTim Marc TaxTim Marc said:
5 October 2015 at 20:38

Yes, you should be able to deduct this expense if you can justify that it is incurred in production of your income.
You would need to pro-rata the bill though based on personal versus business usage (i.e you will need to estimate the % of time spent viewing these channels for business versus % of personal viewing time and then pro-rata the bill accordingly).

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