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Are consulting fees with regards to a share sale agreement deductible?

Posted 18 April 2016 under Tax Questions



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Sisco says:
15 April 2016 at 11:58

Are consulting fees incurred for the acquisition of 75% equity shares in company deductible?

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TaxTimTaxTim says:
15 April 2016 at 15:28

From the purposes of the company or an individual?


Sisco says:
15 April 2016 at 18:25

From the purpose of the company - the 75% equity shares was so the the company could benefit from the synergy it acquired so as to produce income.


TaxTimTaxTim says:
18 April 2016 at 12:24

Yes then you can deduct these fees.


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