Gym Membership as a business expense? - New Zealand Investors

emc2 · 04-19-2007

Hi,

I haven't asked my accountant this yet but was wondering if anyone knows..

I run a company and i am the only director. Can my gym membership be a business expense and be used to claim tax back?

portalou · 01-25-2010

Unless you are a professional sports person the GYM membership will be considered a personal expense and can not be claimed as a tax deduction.

emc2 · 01-29-2010

Hi Portalou,

Thanks for your answer.. I actually went to my accountant and he said the same thing as you.

However, if you did pay for it via your company I believe it would be classed as a fringe benefit tax..

04-19-2007	#1 (permalink)
emc2 Share Trader Join Date: Dec 2006 Posts: 10	Gym Membership as a business expense? Hi, I haven't asked my accountant this yet but was wondering if anyone knows.. I run a company and i am the only director. Can my gym membership be a business expense and be used to claim tax back?

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01-25-2010	#2 (permalink)
portalou Junior Member Join Date: Jan 2010 Posts: 1	Unless you are a professional sports person the GYM membership will be considered a personal expense and can not be claimed as a tax deduction.

01-29-2010	#3 (permalink)
emc2 Share Trader Join Date: Dec 2006 Posts: 10	Hi Portalou, Thanks for your answer.. I actually went to my accountant and he said the same thing as you. However, if you did pay for it via your company I believe it would be classed as a fringe benefit tax..