Tax Questions Answered

This advice is general in nature and should not be acted upon without first obtaining professional advice on your particular circumstances.Please note that the answers, to other people’s questions, that you see here, are very specific their question. You cannot rely on them for your particular circumstances. Further, if you do askbantacs, before you act on your answer, you need to run it past your Accountant, who will understand the wider implications to your particular situation.

Monthly archives: June, 2009

loan break costs

Question Could you please advise which version of the updates (back-copy) deals with the above topic? Answer Newsflash 187Deductibility of Break Costs To Pay A Loan Out EarlyIf you are breaking the loan to sell the property but it has not been income producing the penalty interest is included in the cost base under the …

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