Can I Claim Client Gifts?

I am forever being asked if you can claim gifts to clients. So here is the short answer.

You can claim a deduction for the cost of gifts bought for work purposes if you are a salesperson or property manager entitled to receive your income from commission or both commission and retainer. You cannot claim a deduction if you earn a fixed income and you are not entitled to earn a commission.

Gifts you can claim include:

• a Christmas hamper

• a bottle of whisky

• wine

• gift vouchers

• a bottle of perfume

• flowers

• a pen set.

Gifts you cannot claim are tickets to:

• the theatre

• a live play

• a sporting event

• a movie

• a holiday, including an airline ticket

• an amusement centre.

These gifts are in the form of entertainment and are not deductible.

If this is still not clear, please don't hesitate to contact us today.

#Tax #Expenses #Realestateagent #Gifts #Clientgifts