Tips for claiming a couple’s home loan interest deduction
If one of a couple holds a residence, he does not have any income and needs to file a tax return, so…
Deduction of expenses for tools, appliances or objects used in operating business
All operating expenses incurred by taxpayers operating their business to earn assessable profits are deductible. In addition to the deductions mentioned in…
Home loan interest deduction- further charge or re-financing
Taxpayers will apply to the bank for a mortgage when purchasing a residence. The loan granted by the bank is usually used…
Industrial building allowance
Taxpayers operating business to purchase properties are of a capital nature and cannot be deducted in one go, but they can be…