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Giving away products - tax write-off?

Truss · 2009-09-27 17:53:00

If you give away products that you sell as a form of marketing, say you give some away to a charity to auction or a radio station to give away can the value of the products you give away be deemed as business expense and so be written off against tax as a business expense?

27-09-2009 6:53pm

#1

Truss

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Posts: 42

If you give away products that you sell as a form of marketing, say you give some away to a charity to auction or a radio station to give away can the value of the products you give away be deemed as business expense and so be written off against tax as a business expense?

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#2 27-09-2009 8:20pm

Mr. Incognito

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I'm not sure if you can right them off but you will certainly have to self account for the VAT on the goods as a self supply.

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