vikki1975
31st August 2010, 13:41
Hi, I am looking at ways of being able to help my brother financially with his drag bike racing. I have a shop and he is going to give me advertising on the bike.
As he does this purely as a hobby and being related can I put anything through my business ??
What are the tax implications of any money I am to give him from the business??
Can I sponsor him or do I just call it advertising.
Would really appreciate some advice
As he does this purely as a hobby and being related can I put anything through my business ??
What are the tax implications of any money I am to give him from the business??
Can I sponsor him or do I just call it advertising.
Would really appreciate some advice