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Expenditure incurred on a feasibility study incurred in deriving business taxable income, which is an ordinary incident of the business, can be tax deductible.

An example could be a feasibility study to see what would be involved in earthquake strengthening.

In this case, you would need to keep the contract for carrying out that work separate from the feasibility study.

The tax deductibility of feasibility studies is a bit of a minefield. You should consult us first.