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    What do you claim at TAX time for your IP?

    Hi, I am making a few assumptions here. I am assuming that the property is not held by a trust or company. I am also assuming that either you went by yourself or if you took a partner or children then they are also on title. Given that the trip was largely private, the tax office will deem...
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    What do you claim at TAX time for your IP?

    Hi, you can claim an expense if it is incurred in the process of earning income. You would need to have evidence of having incurred the expense and be able to show that it is reasonable to have done so. Another common example is paying a low-income spouse a small allowance for their efforts...
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