TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

Q: Is bicycle trainer set eligible to be claimed as lifestyle relief?

A: If the bicycle trainer set is a fitness equipment, then yes, it can be claimed as lifestyle relief because fitness equipment is considered as sports equipment under the Sports Development Act 1997.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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