Search results

  1. wobbycarly

    ATO to reject capitalisation of interest on investment property loans?

    What is the "business" of, say buying a diamond? It's not income producing. It may be speculation that the price will increase, but unless you make a BUSINESS of TRADING in diamonds, any interest on debt to purchase your diamond would NOT be tax-deductible. OK, your rental income is ASSESSED...
Back
Top