Moose wrote:I know I joked about it last night but if I payed for and ordered delivey of several boxes of krispy kreme donuts and had them delivered to Panthers HQ under Trents name would I be able to put it down as a tax write off?
I'm going to assume this is serious. Note the information in this post should not be taken as tax advice and is purely hypothetical
There are 2 possible ways you could go about this.
Option 1: If the Panthers were registered as a deductible gift recipient you may be able to claim this as a tax write off under gifts and donations on your tax return
Option 2: If you created a sole trade business that had a business activity of "random acts of donut" aka delivering donuts randomly for free you may be able to deduct costs of doing business. Of course since this business would probably run at a loss the loss could be offset against personal income tax
TL;DR maybe