[AlpacaTalk] Re: [Alpaca meat
--- In AlpacaTalk@yahoogro
>
> Ah, Richard - but here in CA/USA we can write off at least part of
all of
> the alpaca's purchase price on our taxes - so its either pay the
money to the
> government at the end of the year, or buy alpacas and let them
produce for us,
> still a pretty good investment if you ask me.
>
> SUSAN OLSON
> Alpaca Loco
> Riverside, CA
>
A tax break allows you to write-down capital expenditure, or offset
annual trading losses, but only by first incurring that expenditure
and/or suffering those losses. No-one pays 100% of their income or
capital gains in tax, so the net result is still expenditure/ loss.
Also you need to have sufficient other earned income to use the
break, and to show you are a "for profit" business, rather than a
hobby, neither of which may apply in many cases, and which may become
more difficult as time goes on.
Richard
Maidstone Kent UK
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posted by Chaddo at 6:00 AM
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