
Is my dog a deductible?
As the end of the financial year rolls around we are all looking for ways to maximise our tax returns. Under most circumstances your pet pooch is not going to qualify as a tax deductible item however, if it's a guard dog they just might! A guard dog that is purchased by a business and kept on premise to keep it secure is regarded as a capital asset of the business and is indeed deductible. Now before you get too excited thinking you can write off your quarantine puppy called