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Gold Prospecting
Prospecting Equipment
Purchasing of prospecting equipment tax deductible?
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<blockquote data-quote="WalnLiz" data-source="post: 5181" data-attributes="member: 147"><p>If you haven't got a legit business I certainly wouldn't try claiming a metal detector...but by the same token the tax department doesn't distinguish between a $1000 or $6000 detector (tool) of trade. I know this for a fact as my detecting Buddy is a senior Auditor with the Tax Department. They see it no different to buying a 20 grand ute compared to a 60 grand ute. Word of advice ...if your not in the right game...don't claim one ...Cheers Wal. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="WalnLiz, post: 5181, member: 147"] If you haven't got a legit business I certainly wouldn't try claiming a metal detector...but by the same token the tax department doesn't distinguish between a $1000 or $6000 detector (tool) of trade. I know this for a fact as my detecting Buddy is a senior Auditor with the Tax Department. They see it no different to buying a 20 grand ute compared to a 60 grand ute. Word of advice ...if your not in the right game...don't claim one ...Cheers Wal. :) [/QUOTE]
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Gold Prospecting
Prospecting Equipment
Purchasing of prospecting equipment tax deductible?
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