we have a spokesperson, lets go for it!, page-46

Dondeal,

I would imagine that each contributors contribution would be treated as follows for tax purposes -

for a trader - as a legitimate tax deduction,
for a non-trader - as an addition to the cost base of the asset.

for westcott to claim a tax deduction for the costs, he would have to declare the the income he received from the contributors first.

Westcott would not benefit 1 iota, other than a freebie from contributors.

DYO(tax)R