Hi dear,
A tiling business operates under a family trust. The beneficiary operates business and gets distribution at the end of FY.
In the coming month, the business is going to relocate from ACT to VIC. Can the trust deduct the business operator's relocation expenses etc air flights, transferring equipment and motor vehicle costs?
Best Regards
Danielle
From CCH
Where a business incurs expenditure in connection with the relocation of a business activity it is generally capital expenditure. However, deductions may be available in connection with the relocation of plant and trading stock.
From CCH
Where a business incurs expenditure in connection with the relocation of a business activity it is generally capital expenditure. However, deductions may be available in connection with the relocation of plant and trading stock.
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