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Can company expense bond related expenses for property owned by director but used & paid by company?

Posted 7 July 2016 under Tax Questions



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B&B says:
7 July 2016 at 10:52

I bought property in my personal name and started a B&B which is registered as a PTY. Can the PTY expense the interest on the bond and the bond installments since it utilises the property and pays for it even though it is registered in my name?

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TaxTimTaxTim says:
7 July 2016 at 11:23

Your PTY cant claim the expense, as the property is in your personal name and the PTY is a separate entity.


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