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Shareholder expenses

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Can a shareholder who is not on my payroll submit tax deductible expenses?

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Hi @ato20191005,

 

Welcome to our Community.

 

Presumably you are referring to a person who is a shareholder of a company but not an employee of that company. Whether a deduction can be claimed by the individual or the company will depend on the circumstances of those expenses.

 

For more information about claiming business tax deductions, check out the income and deductions for business page on our website.

 

For more information about claiming personal tax deductions, check out the deductions you can claim page on our website.

 

Hope this helps.

 

Thanks,

 

ChrisR

1 REPLY 1
Highlighted

Best answer

ATO Certified

Community Support

Replies 0

Hi @ato20191005,

 

Welcome to our Community.

 

Presumably you are referring to a person who is a shareholder of a company but not an employee of that company. Whether a deduction can be claimed by the individual or the company will depend on the circumstances of those expenses.

 

For more information about claiming business tax deductions, check out the income and deductions for business page on our website.

 

For more information about claiming personal tax deductions, check out the deductions you can claim page on our website.

 

Hope this helps.

 

Thanks,

 

ChrisR