Hi guys,
I know the cost of bank fees are tax deductible for IP's but I'm trying to figure out exactly where to put the amount down.
The only two areas I can find that I think it might come under are:
* Income Question 21 Rent - (F) Borrowing Expenses.
* Deductions D7 - Interest deductions, but this seems to be for accounts that generate income through interest.
Anyone able to point me toward the obvious please?
I know the cost of bank fees are tax deductible for IP's but I'm trying to figure out exactly where to put the amount down.
The only two areas I can find that I think it might come under are:
* Income Question 21 Rent - (F) Borrowing Expenses.
* Deductions D7 - Interest deductions, but this seems to be for accounts that generate income through interest.
Anyone able to point me toward the obvious please?
