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| *Ostroff, Fair and Company>>>Australia Taxes |
Can you claim movie tickets as tax deductions if you work in the media? |
Can you claim movie tickets as tax deductions if you work in the media? If your income depends on watching films, then you can deduct the cost of seeing them. But AFAIK, critics are given entry to films free and gratis, so you had better be able to justify and document your purchases of tickets. If you are not a critic but a writer of screenplays, then you can probably deduct the cost of watching films relevant to your writing. Keep a diary and save receipts. Otherwise you can possibly deduct the cost of at least some films as T&E: entertainment of business guests. There are limitations on this. Working in "the media" is not, by itself, sufficient justification for deducting the cost of seeing films: watching them has to be provably relevant and indeed necessary to your work. And the cost not defrayed by your employers or others. This is a general rule applicable to most tax systems and relates to the principles of calculating net income by reducing gross income by the cost of its production. I don't have to hand specific regulations of Australia & NZ but I have no reason to think they differ greatly from the UK, US and Canada whose regulations I do have. |
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