ARG 1.43% $9.21 argo investments limited

Sorry Gurubob, but you cannot claim travel to and from an AGM...

  1. 101 Posts.
    Sorry Gurubob, but you cannot claim travel to and from an AGM and claim a tax deduction. Several years ago we went to Adelaide and besides enjoying a holiday in that delightful city, we attended Argo's AGM. When I asked my accountant to add it to my deductable expenses he laughed a lot and said that if we could, everybody would travel all over Australia eating and drinking at these events and no tax would be paid.
    On the other hand travel to and from your accountants place of work for the purpose of filing your annual taxes is deductable. We will travel 600 km next week to deliver the company books to our accountant, will stay in Melbourne for a few days and deduct the car expenses. About $450.
 
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