Bank Charges on Personal Account

TommyMacca · 2016-09-05 09:21:59

For a period of time I used my personal account to run my self employed business. During that period I incurred some bank charges. Then I opened a Business account. Question: Am I able to claim those personal bank charges as a business expense? Cheers

05-09-2016 10:21AM

#1
TommyMacca

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Join Date: March 2015

Posts: 38
For a period of time I used my personal account to run my self employed business.

During that period I incurred some bank charges.

Then I opened a Business account.

Question: Am I able to claim those personal bank charges as a business expense?

Cheers

Tagged:

bank charges

personal account

business expense.

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Comments

#2 05-09-2016 10:31AM

exaisle

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Join Date: May 2007

Posts: 2554

Expenses incurred wholly and exclusively for business purposes are allowable as a deduction.

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