Quote:
Originally Posted by GTRMagic
Jonathon Webb's Perth Livery...
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so Mr Accountant, if you could be so kind and explain, if a team has no major sponsor, and place the banner of a registered charity on their cars free of charge, can they claim the cost of what sponsorship would otherwise be worth as a tax deduction, and therefore reduce the amount of money lost for the round by otherwise having no sponsorship?
If so, win-win!