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Date Posted: Wednesday, June 04, 05:34:29pm
Author: Terry Tightarse
Subject: Tax Deduction

I'm part of a tipping competition at work. As it is a work tipping comp can I claim the fees for entering the competition as a work related deduction?

Also do I have to pay the fees before 30 June 2003 to be able to claim them in my 2003 tax return?

When I win the comp (I'm a good tipper) will the winnings have to be included as assessable income in my 2004 tax return?

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