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RetroRV_BV(Newbie)Newbie
23 May 2024

I have just started operating an RV rental business and for a promotion, I offered a 2 day hire as a giveaway prize. Can I claim the value of the hire as a business deduction?

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250 views
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SandraATO(Community Support)Community Support
27 May 2024

Hi @RetroRV_BV


Yep you can.


If you incur the expense and it's directly related to earning your income it's generally deductible.


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Can I claim a business deduction for the value of a prize giveaway? | ATO Community