Are platform fee and management fee deductable from the income of individual and income tax payement is only on the net income

Are platform fee and management fee deductable from the income of individual and income tax payement is only on the net income

Are platform fee and management fee deductable from the income of individual and income tax payement is only on the net income

2 Replies 2
Rebecca
Community Manager
Community Manager
Suffolk Coastal District, United Kingdom

Hello @Uri19 👋

 

This is an interesting question and I think it might need to go to your accountant or similar in your area to get the answer you need. 

 

Have you found an answer yet? 

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Mike-And-Jane0
Top Contributor
England, United Kingdom

@Uri19 In most tax jurisdictions yes they are deductible.