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can i deduct interest as expense? [复制链接]

lumanman

木屐族

发表于 2009-10-21 12:31 |显示全部楼层

此文章由 lumanman 原创或转贴，不代表本站立场和观点，版权归 oursteps.com.au 和作者 lumanman 所有！转贴必须注明作者、出处和本声明，并保持内容完整

I have an investment property, can I take interest as expense to deduct? but I checked the tax, it is said it will be take as cost , not expenditure, if I bought this property for capital gain?

丹儿

布鞋族

发表于 2009-10-21 12:39 |显示全部楼层

此文章由丹儿原创或转贴，不代表本站立场和观点，版权归 oursteps.com.au 和作者丹儿所有！转贴必须注明作者、出处和本声明，并保持内容完整

yes, you can.
btw, what tax u checked?

swesley

草鞋族

发表于 2009-10-21 13:52 |显示全部楼层

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Yes you can.

the interest expenditure is an expense if u use ur investment property to generate assessable income (eg for rental income)

If not the interest will become a part of ur cose base when calculate the capital gain

U can ONLY pick up one

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