Are Liquidation Expenses and Settlement Tax Deductable

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 · Accepted Answer

AriATO · Answer

A company is separate to you as the individual. Expenses you've paid for the company aren't usually claimable in your personal tax return, even though it's from your own personal funds. We need more details about your situation to work this out and it's best if you can write to us for tailored technical assistance (https://www.ato.gov.au/about-ato/ato-advice-and-guidance/tailored-technical-assistance). You'll need to provide all relevant info for us to take a closer look.

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