Magazine Subs - deductible?

From: Tony Dixon


Hello,

Just wondering whether subscriptions to redecorating/renovating magazines are tax deductible?
The intention is to use this knowledge to add value to future property investments.

e.g.
Australian House and Garden
Home Beautiful

cheers, Tony
 
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Reply: 1
From: Jas


> From: "Tony Dixon" <tony@sat.com.au>
>
> Just wondering whether subscriptions to redecorating/renovating
magazines
> are tax deductible?
> The intention is to use this knowledge to add value to future property
> investments.

As a professional investor, you need reference materials. How else are
you going to know the current market ideas? So yes, these subscriptions
are deductible.

Disclaimer: I'm not an accountant.

Jas
 
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Reply: 1.1
From: Dale Gatherum-Goss


Hi

Jas is right, they should be tax deductible.

Dale
 
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Reply: 1.1.1
From: Manny B


Howdy there,

being an IP investor & a IT professional I've always claimed magazine subscriptions through my accountant (ie. API mag, computer mags, gardening mags & even IP books from Jan Somers)... I was told that as long as the books or mags are related to your work & your investment interests (generating income) there are no problems there...

Cheers,

Manuel.
 
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Reply: 1.1.1.1
From: Tony Dixon


Thanks guys, I suspected this would be fine, but wanted to check.

cheers, Tony
 
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