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Registering review items as business expense?

Discussion in 'BlackHat Lounge' started by supervitallica, Sep 24, 2018.

  1. supervitallica

    supervitallica Junior Member

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    Hey!

    I'm running an affiliate site about a niche I like doing in my spare time.

    When i want to review items, i want to review them myself and write down my experience instead of looking for reviews on the internet. Can i register the item as a business expense?

    I will be using these items in my spare time too. Did you guys do something similar in the past?
     
  2. bumont

    bumont Registered Member

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    Yes you should be able to claim them as a marketing asset/expense. If you're VAT registered you can also claim the VAT back. If you were ever looked into, you could just show a copy of the review and your site to prove that purchasing the item was necessary for the business.
     
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  3. supervitallica

    supervitallica Junior Member

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    Yes, that's what i thought. Thanks for your reply!
     
  4. patriotnews

    patriotnews Supreme Member

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    So, depends on where you are. I can provide information from the US perspective.
    Yes, but then you have to sell them to yourself for personal use once you're done with them for business, otherwise they are business/company assets.
    Sell them in bundles to yourself for $1, that will clear them off your assets, account for them throughout the process, and not mingle business/personal finances into a muddy tax ball.
     
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  5. supervitallica

    supervitallica Junior Member

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    That makes sense. Thanks for the tip!