Hi to all. Currently near the end of my subdivision for my 2 IP's (they were originally on one title), and was wondering whether the subdivision costs would simply be classed under capital expenditure or repairs to IP for tax purposes.
Also I am in the process of refinancing the IP's, and was wondering whether any refinancing costs would be tax deductible.
Had a search of the forum but couldnt find much for either topic.
Thanx.
Also I am in the process of refinancing the IP's, and was wondering whether any refinancing costs would be tax deductible.
Had a search of the forum but couldnt find much for either topic.
Thanx.