You can generally deduct as a business expense all interest you pay or accrue during the tax year on debts related to your trade or business. Interest relates to your trade or business if you use the proceeds of the loan for a trade or business expense.
Hardy Cognac. It was in 1863 that Anthony Hardy, a London gentleman, settled in Cognac and established himself in the business of high-quality wines and spirits. Five generations later, Hardy Cognac is known for its character and for the skills of its cellar masters, custodians of a heritage handed down forever.
The Cognac region is divided into six zones, called âcrusâ - Borderies, Grande Champagne, Petite Champagne, Fins Bois, Bon Bois and Bois Ordinaire. Cognac is a type of brandy, but earns its name following very strict production methods. For more detail on cognac and how it is made at Martell, see our craftsmanship section.