I want a Brewie! Any Tax Deduction Experts On Here?

[chrisluki]

Hey guys

I want to get one of these beauties!

At $2k, its not cheap, but i was wondering if there was a way to sort it out as a tax deduction? I own a very small share of a craft brewery and write a beer blog...it's a stretch, but what do you think?

Cheers

Chris

https://www.youtube.com/watch?v=fKatSd_1ao4&feature=youtu.be

www.brewie.org

 

[mikec]

If you're developing recipes for the brewery, sure.
If you're reviewing the machine, sure.
If you have a good faith belief that the machine is needed, or useful, to your profession, sure.

One thing you do need to be aware of though is you can't generally claim a deduction against a profession that isn't income generating. So if beer is not your paying job, it's hard to justify deductions for brewing gear against income in a different profession.
Ultimately you are the one doing the assessment, and need to prove/justify it if you get audited.

It's a capital asset, you need to depreciate it over several years.

Beyond that, talk to your accountant/tax advisor.

p.s. I ordered one too. I want something to do pilot brews on that doesn't require a lot of my time.

 

[chrisluki]

Maybe i could become an R&D arm for my craft brewery!!!

 

[Brownsworthy]

Got them on special for $1849 not to bad I think I would rather something like this rather than a $7000 pressure fermenter/dispenser.

 

[mikec]

Maybe i could become an R&D arm for my craft brewery!!!

As long as you're drawing an income from the business.
(might be easier if they just bought it and claimed it on the company's tax)

Might be licensing implications to think about too. Probably OK if you're not actually selling the beer, just creating recipes.

 

[BKBrews]

That's pretty cool.

Do you have to re-use the grain and hop bags?

Someone needs to invent one of these systems that dumps the spent grain into a separate container that is bio-degradable to either a) chuck out or B) recycle (farm feed etc).

 

[mikec]

The bags are reusable.
Just lift out and empty into the bin or whatever, and rinse.

I guess you COULD throw out the bag and all, but then you'd have to buy more.

 

[chrisluki]

Someone else mentioned that the element is only 1800w for these systems...would that really matter that much if it is all computer controlled? i.e. less strength but I am assuming the computer would still know how to run the system to make sure the water was as hot as you need when you needed it and bring it to the boil easily?

 

[Brownsworthy]

I would say the proof is in the pudding but unfortunately nobody has had a chance to try that pudding.

 

[Ducatiboy stu]

Building a Micro is an expensive way to get a tax deduction B)

 

[Judanero]

Jeez that does look pretty tidy, and for pilot brewing would be excellent.

I very much like the idea of putting all the ingredients in, setting it up before work and returning home to transfer to fermenter.

Now if only I can get the PR spin just right and sell it as a "revolutionary new way to increase family time, whilst reducing beer-related stuff time" to the minister for finances...

Application will still likely be rejected.

 

[QldKev]

I may write a review on the latest commodore so I can buy one as a tax write off.

I *think* you would need a business that is writing the blogs, or a practical vested interest in the business. mmm I own share in Bunnings, now I can write off any product I can buy from there?

 

[chrisluki]

I may write a review on the latest commodore so I can buy one as a tax write off.

I *think* you would need a business that is writing the blogs, or a practical vested interest in the business. mmm I own share in Bunnings, now I can write off any product I can buy from there?

Giving away the tax write off idea...now working on the wifey for reasons as to why i "need" one.

My reasoning...I have no other expensive hobby like golf, cycling or cars...this is my thing.

The thing i love is the ability to load up before work, set it going during the day and then ferment when I get home. A sensational way for me to really start experimenting with some recipes!

 

[Brownsworthy]

Well I think you should dive right in and test that pudding purely for selfish reasons as I am interested though not prepared to fork out big money for one before knowing whether or not it does what is advertised.

I do enjoy reading your posts and articles so I couldn't think of someone better to give it a go and let us all know about your experience with Brewie.

 

[LAGERFRENZY]

I'd tell her you've got your heart set on a 50 litre Braumaster and a Williams Warn toy and just haggle backwards to your $2k outlay. Or better just buy it and nevero tell her what you realy paid for it....

 

[Lyrebird_Cycles]

Giving away the tax write off idea...now working on the wifey for reasons as to why i "need" one.

It's cheaper than a Thermomix?

 

[Aus_Rider_22]

How would the cleaning and sanitising go?

 

[mikec]

How would the cleaning and sanitising go?

Magic.
No more questions.

 

[Fraser's BRB]

This thing looks like the business. I like that the process is effectively exactly what I do now, but automated.

Many of the other recently released automatic breweries are either too small to be worthwhile (brewing 5L at a time), too expensive, or a black box where you put in their recipe kits and get beer out the other end.

 

[chrisluki]

Well I think you should dive right in and test that pudding purely for selfish reasons as I am interested though not prepared to fork out big money for one before knowing whether or not it does what is advertised.

I do enjoy reading your posts and articles so I couldn't think of someone better to give it a go and let us all know about your experience with Brewie.

spent half an hour today watching their demo videos and i am hooked!