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  1. Terry_w

    Top up loan traceability for tax

    It would depend how many you have had already.
  2. Terry_w

    Top up loan traceability for tax

    I like to give a similar example using urine instead of coke. When the client resits and argues against me, which they often do, I ask would you drink the beer now that the urine has been removed. That gets the message across.
  3. Terry_w

    Top up loan traceability for tax

    We ar getting off track slightly, but this still relates to the OP's question. Yes, possibly some of the interest expense will be deductible. Think of the credit card as a LOC. imagine there is $1000 in bunnings expenses for the IP and $1000 for groceries. This is a mixed loan. $2000...
  4. Terry_w

    Top up loan traceability for tax

    This below is totally incorrect.
  5. Terry_w

    Top up loan traceability for tax

    I disagree. A credit card ks a loan account. Paying for an investment expense with a credit card is borrowing money. This loan can be refinanced like any other. Its the purpose of ghe loan that determines deductibility. However mixing creates problems.
  6. Terry_w

    Top up loan traceability for tax

    Its unclear where the top up funds are atm. Can u elaborate. But if you have any personal expenses on the card you will have a mixed loan and caanot just pzy the investment portion separate from the personal.
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