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Alan, a company sponsors a racing yacht which is owned by a spouse of the director. The company brand is advertised clearly on the hull and sails. The boat is raced around the world and regularly features in news articles, magazines and other media platforms. The company does get a lot of very positive exposure because of this sponsorship but is this sponsorship tax deductible or would it be deemed self-promotion? Tks.

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Asked on 22 February 2018 2:54 pm