duncan61 wrote:Then it is depreciated as an company asset.All costs related to what you are doing are claimable.If your activities fail to make a positive financial outcome your activity may come under scrutiny. I made about $5000/annum shooting after expenses and have all my firearms paid for through the culling business I was taking part in.
When I was a kid, fox skins easily repaid everything I spent on shooting. Two nice foxes bought a rifle back then.