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  1. R

    Tax query

    Reply: 2.1.1.1.1.1 From: Rolf Latham Hi GV I would say yes. The portion used for investment purposes forms part of borrowing costs and may therefore be tax deductible/depreciable. Dale's the CPA though ??? Ta Rolf
  2. R

    Tax query

    Reply: 2.1.1.1 From: Rolf Latham Hi Dale Not Ethical and Honest still applies to lots of marketing today, including parts of the lending and financial services industry. What I am amased at is that there is so little legislation protecting the little guy - yet our various government...
  3. R

    Tax query

    Reply: 2.1 From: Rolf Latham Hi Dale Very good advice on a perplexing topic for most. You posted: "This area is one that the tax office looked closely at a few years ago after some unscrupulous (no???!!!) agents tried to sell it as a tax benefit of restructuring your finances." Tax...
  4. R

    Tax query

    Reply: 1 From: Rolf Latham Hi Donna All expenses with the exception of interest can be borrowed and the interest cost of those borrowings can be used to offset income. However, you can not deduct interest on your interest. This is "capitalising" interest - borrowing the interest. So while...
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