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Are product subscriptions an allowable expense/tax deductable? <Sole Trader>

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  • 26-06-2012 9:27pm
    #1
    Crazy World
    Registered Users Posts: 40 ✭


    Hi Folks,

    I am thinking of signing up to a monthly subscription of Adobe Products that i use for my work ( video editing). Is there any difference in a subscription based product as opposed to an "out of the box" product with regard to allowable expenses?
    Do you think it would be an allowable expense for a sole trader?

    Thanks for any help,

    Crazy
    Tagged:


Comments

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    #2
    Mr. Incognito
    Registered Users Posts: 9,798 ✭✭✭Mr. Incognito


    If it is incurred wholly and exclusively for work purposes then yes


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    #3
    Crazy World
    Registered Users Posts: 40 ✭Crazy World


    Thanks for quick reply. I'll be seeing an accountant soon to do tax returns and check i have everything in order so i'll explain the use of the software to them .


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