Hi all, I am unclear if the ATO will allow you to claim travel and accommodation expenses for attending a AGM for stocks like A2m that are NOT paying a dividend. Just like they allow you to claim interest if you borrowed for a stock purchase if you bought it for growth, should the same rule also apply to claiming for attending the A2M AGM ?
Does it make a difference for those that bought A2m early in the piece and are now sitting on multibaggers and those that bought for growth but are currently in the red. Would appreciate some feedback from other posters who have actually recently claimed expenses for attending AGM's especially for companies that are yet to pay a dividend.
I assume if people holding onto sizable Berkshire Hathaway shareholdings that have never paid a divi can claim for going to the AGM then so should we.
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- Can you claim expenses for attending AGM on non dividend paying stocks ?
Can you claim expenses for attending AGM on non dividend paying stocks ?
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