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Did you know…? 21 May 2012
  • If you go out to dinner and discuss business with your spouse, this is a personal cost.
  • Food, spectacles, smart suits etc are personal costs. They put you in a situation where you can start working rather than being a cost incurred in doing the work. This includes special clothing with a dual purpose. Dame Edna Everage could claim her clothes as tax deductible because they were for the special purpose of her acts. Working boots, overalls etc are, of course, claimable.

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