Lawkidunya Banner

What Expense Cannot be Deducted by a Sole Proprietor

As per Lawkidunya, you cannot claim a deduction for capital expenditure when calculating your profit.
Capital expenditure is money you spend on buying or maintaining land, property or equipment for your business. You may be able to claim capital allowances on some of this expenditure.

Leave a Reply

Your email address will not be published. Required fields are marked *