Hi,
I have just set up a family trust. What classifies as a taxable expense for the trust?
I have bought a property in my own name and will be doing some renovations on it - if the builder gives me an invoice under the name of the trust, can I claim it as an expense? My accountant seems to think so but it seems a bit strange to me.
I have just set up a family trust. What classifies as a taxable expense for the trust?
I have bought a property in my own name and will be doing some renovations on it - if the builder gives me an invoice under the name of the trust, can I claim it as an expense? My accountant seems to think so but it seems a bit strange to me.