BTC

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:10AM in AAT student discussion
I have got a bit stuck, anyone in? Are drawings allowable or non-allowable when adjusting trading profits? Obviously wages and salaries are but I am unsure about drawings and my book doesn't seem to clarify.

Many thanks

Victoria

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC

    Hi

    For a sole trader, their drawings are not tax deductable. Hope this helps.

    Regards

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