If you buy miles for an award then use on a business trip can you claim back on tax?

[casanovawa]

simple question with probably a simple answer, if i was to try to buy miles under either the AAdvantage or USAirways buy mile programs and then get an award J trip to US or Europe and claimed it as being for a business trip, can the cost of purchasing the miles be claimed as a deduction similar to if i was to buy the ticket direct?

 

[mvjs]

Re: If you buy miles for an award then use on a business trip can you claim back on

simple question with probably a simple answer, if i was to try to buy miles under either the AAdvantage or USAirways buy mile programs and then get an award J trip to US or Europe and claimed it as being for a business trip, can the cost of purchasing the miles be claimed as a deduction similar to if i was to buy the ticket direct?

This would depend completely on your businesses policies. Perhaps this question would be better directed to your employer's finance department.

 

[casanovawa]

Re: If you buy miles for an award then use on a business trip can you claim back on

Its one question as to what would constitute a business trip overseas (ie is attending a conference or arranging meetings with people sufficient justification etc, etc) But i am more talking about if you wanted to fund your own travel over there, say if your workplace didn't want to pay for you, but if instead of buying yourself a plane ticket you bought points and then an award...

As such its not really a work issue (like i said i would need to find out what the requirements are to justify claiming it as tax deductible in the first place and i'm sure they could probably comment on the legitimacy of self funded travel) but more the mechanism of getting the ticket via points (which i doubt they would know off hand) and just wondering if any people on here had done that or considered it...

i could go ask the ATO, just thought someone here might have done it... or not...

 

[mvjs]

Re: If you buy miles for an award then use on a business trip can you claim back on

Its one question as to what would constitute a business trip overseas (ie is attending a conference or arranging meetings with people sufficient justification etc, etc) But i am more talking about if you wanted to fund your own travel over there, say if your workplace didn't want to pay for you, but if instead of buying yourself a plane ticket you bought points and then an award...

As such its not really a work issue (like i said i would need to find out what the requirements are to justify claiming it as tax deductible in the first place and i'm sure they could probably comment on the legitimacy of self funded travel) but more the mechanism of getting the ticket via points (which i doubt they would know off hand) and just wondering if any people on here had done that or considered it...

i could go ask the ATO, just thought someone here might have done it... or not...

My mistake I thought you were referring to reimbursements at work.