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From: Linda Schmidt
could someone please assist me in understanding the complexities of the taxation system and the deductions.
1. Is mortgage insurance not 100% deductible in the first year?
2. is this same rule applicable to the stamp duty on the mortgage and search fee.
3. I am told that I can only claim this over a five year period.
What do I do to get the withholding tax deducted? I have applied for another house and the deal is almost completed. That gives me two houses at 140 and 160 per week each. then I have looked at another which is double the price but also is $220 per week rental. there is an awful lot of questions and it appears a lot of different ways different accountants look at these questions or interpret them. If someone could reply that would be good as I have not even put in my application for withholding tax and I desperately need to. thanks linda schmidt
could someone please assist me in understanding the complexities of the taxation system and the deductions.
1. Is mortgage insurance not 100% deductible in the first year?
2. is this same rule applicable to the stamp duty on the mortgage and search fee.
3. I am told that I can only claim this over a five year period.
What do I do to get the withholding tax deducted? I have applied for another house and the deal is almost completed. That gives me two houses at 140 and 160 per week each. then I have looked at another which is double the price but also is $220 per week rental. there is an awful lot of questions and it appears a lot of different ways different accountants look at these questions or interpret them. If someone could reply that would be good as I have not even put in my application for withholding tax and I desperately need to. thanks linda schmidt
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