T the can man 3rd Mar, 2009 #1 Just a quicky are break costs charged by the bank a tax deduction?? Friend of mine has IP and break cost is 12K would any of that be a tax claim?
Just a quicky are break costs charged by the bank a tax deduction?? Friend of mine has IP and break cost is 12K would any of that be a tax claim?
Rob Williams 3rd Mar, 2009 #2 Short answer - YES! There are other threads on this, some of which include an ATO ruling on the issue.
Short answer - YES! There are other threads on this, some of which include an ATO ruling on the issue.