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Advise qi as to the deductibility of the legal expenses

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Reference no: EM132522668

Question - QI Pty Ltd is a job recruitment agency located in the Melbourne CBD. The company uses a new technology invented by its parent company in the UK. QI recently incurred $200,000 of legal expenses in successfully preventing a rival UK company from using the same technology in Melbourne. The court order prevents the rival UK company from using the same technology in Melbourne for a period of five years.

Required - Advise QI as to the deductibility of the legal expenses.

Reference no: EM132522668

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