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As long as the prepayment period does not exceed 十二 months and will end in the 2017 income year then you should be able to claim an i妹妹ediate deduction for the prepaid expenses in your 2016 tax return.
The 十二 month prepayment rule allows deductions to be claimed by taxpayers if these conditions are met and either:
- The taxpayer is a small business entity or
- The taxpayer is an individual and the expenditure does not relate to carrying on a business. |
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