Re: [AlpacaTalk] Re: [Alpaca meat
Depending upon your income bracket, the write off can be significant. It
really worked to our benefit the first year and allowed us to buy our starter
females without actually putting out any money we wouldn't have already paid
for taxes that year. So whatever they produce at this point, minus their
expenses, is profit. Pretty good deal, wouldn't you say?
SUSAN OLSON
Alpaca Loco
Riverside, CA
============
In a message dated 11/5/2008 8:54:31 A.M. Pacific Standard Time,
humhojl120@hotmail.
--- In _AlpacaTalk@
LunarStruck@
>
> 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
[Non-text portions of this message have been removed]
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
posted by Chaddo at 9:31 PM
0 Comments:
Post a Comment
<< Home