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Discuss whether the following are allowable as deductions under s 8-1 of ITAA 1997. The cost of moving machinery to a new site The cost

Discuss whether the following are allowable as deductions under s 8-1 of ITAA 1997.

The cost of moving machinery to a new site

The cost of revaluing assets to effect insurance cover

Legal Expenses incurred by a company opposing a petition for winding up

Legal Expenses incurred for services of a solicitor in respect of a number of matters, including conveyancing, discharge of a mortgage, and general legal advice relating to a clients business operations. (The Solicitor account does not separate the costs for various matters.)?

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