Hi
I'm looking at renovating my IP and for some parts getting my uncle to do some painint and paying him for it but no invoices. Funds will be taken from a IP mortgage account and interest claimed as a tax deduction.
Is this a No, No?
Other option is to get a reputable company (not saying my uncle isn't reputable) and getting a tax invoice.
What are people's thoughts.
Regards
Daniel
I'm looking at renovating my IP and for some parts getting my uncle to do some painint and paying him for it but no invoices. Funds will be taken from a IP mortgage account and interest claimed as a tax deduction.
Is this a No, No?
Other option is to get a reputable company (not saying my uncle isn't reputable) and getting a tax invoice.
What are people's thoughts.
Regards
Daniel