22-04-2012, 16:43
(21-04-2012, 08:53)kinkylittleslut Wrote: The thing is that I buy a lot of undies, socks, tights, stockings etc... and they are all used in cam shows and are mostly sold on as used as well, so I thought I could claim them as business expenses
I would have thought that as you are selling the items they would count as stock, regardless of if you use them or not. I guess the tax man could claim that you had a personal gain from using them, but as above if you had items that you brought for personal use that you could prove then the sold items should be 100% tax deductable.
Sarah x x x