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Mike_Outlook

  • Posts: 8
Tax deductable water rates
« on: April 06, 2006, 08:49:53 pm »
hi,
    leaving aside the issues of hosepipe bans regarding the use of w.f.p. ,it is a fact that  water has now become a legimate business expense,even more so given the amount  of wastage required making product water, and  especially if one is in a metered area.
    My question  is therefore, can we claim a percentage of our water rate bill as a legitimate business expense,and has anyone already done this and succeeded;can't see any reason why this shouldn't be justifiable,but perhaps any tax law specialists amongst us may know different?
                   Cheers, Mike-Outlook

macc

Re: Tax deductable water rates
« Reply #1 on: April 07, 2006, 05:55:36 pm »
hi mike, if its a cost regarding your buisness, its tax deductable, but they will want you to prove the % your claiming. macc

Re: Tax deductable water rates
« Reply #2 on: April 07, 2006, 07:22:00 pm »
I only think this would be the case if you were on a water meter.

If you, like I do, just pay a flat rate for your water, then I don't think it could be classed as tax-deducable.  You'd have to pay this anyway.

However, if you're on a water meter, then a portion of it would be tax-deductable.

macc

Re: Tax deductable water rates
« Reply #3 on: April 07, 2006, 07:33:53 pm »
like TOSH said & thats what i ment, if your on a meter you can prove a % of the bill is for work, thats deductable. if your not on a meter, you would have to pay that figure anyway, no tax claim.

thanks TOSH, never made that clear.

macc

Mike_Outlook

  • Posts: 8
Re: Tax deductable water rates
« Reply #4 on: April 08, 2006, 11:21:23 am »
thanks guys, I live in the south so metering is a distinct possibility soon.
     It just seemed to me that the old H2o has become a consumable commodity now with the advent of W.F.P. and I'm up for anything that'll cut down on the tax bill!
       cheers Mike