Sole proprietor can you claim startup cost and amount paid for business
By Marc Sevitz · Updated
If you've bought a new business and you are a sole proprietor where can one complete the amount paid for the business?
You can claim wear and tear on assets purchased. Please make use of our Wear and Tear Calculator
The actual amount paid for the business would be a capital cost and therefore would not be deductible.
The actual amount paid for the business would be a capital cost and therefore would not be deductible.