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Legal fees - Deductions for company

Posted 14 September 2013 under Tax Questions



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If a worker at a construction company loses his footing and falls to his death during work and his family sues the company for damages, are the legal expenses pertaining to that claim deductible on the company's taxable income calculation?

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TaxTimTaxTim says:
16 September 2013 at 10:26

The legal fees are not deductible, but the compensation costs are however.


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