Which of the following expenses are deductible under section 8-1 ITAA97?
· The purchase of a new car for use in a business;
· Membership fees to a local golf club;
· Professional liability insurance paid by a self-employed accountant
· A penalty imposed by the ATO for lodging last year's tax return late

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The Answer of Which of the following expenses are deductible under section 8-1 ITAA97?
· The purchase of a new car for use in a business;
· Membership fees to a local golf club;
· Professional liability insurance paid by a self-employed accountant
· A penalty imposed by the ATO for lodging last year's tax return late

Which of the Following Expenses Are Deductible Under Section 8-1