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