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Gold Prospecting
Prospecting Equipment
Purchasing of prospecting equipment tax deductible?
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<blockquote data-quote="Gold miner" data-source="post: 5124" data-attributes="member: 262"><p>No mate not normally. It would be classed as a hobby. Which is why you can sell your gold tax free.</p><p>If you set up a business, and sell gold plus the gst component then you would be able to claim. </p><p>But it has to be a trading business. Then things like fuel tax credits etc can be claimed too.</p></blockquote><p></p>
[QUOTE="Gold miner, post: 5124, member: 262"] No mate not normally. It would be classed as a hobby. Which is why you can sell your gold tax free. If you set up a business, and sell gold plus the gst component then you would be able to claim. But it has to be a trading business. Then things like fuel tax credits etc can be claimed too. [/QUOTE]
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Gold Prospecting
Prospecting Equipment
Purchasing of prospecting equipment tax deductible?
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