Re: Tax categories for musical instruments/pro audio

Date: Tue, 15 Apr 2003 11:50:12 GMT
Newsgroups: rec.music.makers.guitar.acoustic
Size: 801 bytes

> Just move to Blair's Britain where you can write down zero (that's
> right, zero) percent of
> any goods you own as depreciatable for tax purposes unless they are 100
> per cent for business use. The moment anything you own has a personal
> use of any kind, you are into either omitting it as an expense entirely,
> or a long argument and a full audit of exactly what you are doing.
>
> Goes for cars, instruments, business lunches (I kid you not), travel, etc.
Hmmmm....
If you are a professional musician, and every time you pick up the guitar
it's to practice, to promote your musical abilities, or to perform, wouldn't
that be 100% usage?
I've been sitting here trying (unsuccessfully) to contemplate what "personal
use" is for a musical instrument belonging to a professional. - Mike Pugh