Can my dog be used as a tax deduction?

Can my dog be used as a tax deduction?

Finance Help
May 19, 2022

You work incredibly hard on the land, from cropping to managing cattle and livestock, so the last thing you probably want to think about at the end of a long day is your taxes. There might even be some things you didn’t you could claim when it comes to your agricultural business.

Dogs can be a legitimate tax deduction when used on farms for rounding up sheep, cattle and other livestock. This could also be the case for guard dogs at factories. guarding tradespersons’ tools on work sites from theft.

If you’re needing assistance with finance decisions, reach out!
0421 505 258
ashleigh_pakis@panachefinancial.com.au

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.