JG Pty Ltd incurred $400,000 in feasibility studies on 1 April 2023 and soon after (in May 2023) proceeded to start its manufacturing business. Assuming JG Pty Ltd is not a small business entity, what amount can JG Pty Ltd claim as a deduction for the cost of the feasibility studies in its 2023 tax return?

Answer rating: 100% (QA)

Since JG Pty Ltd is not a small business entity it cannot immediately deduct the full amount of 4000... View the full answer