Probably not - have to demonstrate that any expenses were necessarily incurred for the purpose of making income/capital gains. Plus, would you be wanting to make it a write-off against your income? If so, then you have to prove you’re gaining income by investing in FBR rather than making a capital gain (ie you need to essentially prove you are a trader who is making profit out of the business of trading - someone who simply invests money can not write-off any expenses for the investing of shares against ordinary income). Another point, you can only generally only write-off against the profit you earn through that expense - so you would generally need to make a profit in this financial year from FBR shares to then deduct the costs of traveling to the AGM against that.
Not impossible to argue and perhaps a tax ruling out there about this, but on the balance, I can’t see how this is closely enough linked to the making of money through FBR shares and it definitely can’t be written-off against any income from some other job you have.
FBR Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
