TAX QUESTIONS? YOU ASK LAH!
Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!
Q: I am a sole proprietor. I bought a laptop for both personal and business use. Can I claim tax relief for the purchase of this laptop?
A: No, you are only eligible to claim lifestyle tax relief for the purchase of a laptop if it is used solely for personal purposes and not for business use. However, you may claim capital allowance for your business on the purchase of the laptop if it is used for business purposes.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru
