Expense: Definition, Types, and How It Is Recorded
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22K views · 30 reactions | Rental property owners: Claiming interest on your property loan as a deduction? Make sure you only claim the interest expense for the portion of the loan that relates to the rental property! If you took money out of the loan and purchased something for private use (like a car), this part of the loan is not deductible. Watch our video to find out more, and visit www.ato.gov.au/rentalinterest | Australian Taxation Office | Facebook
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22K views · 30 reactions | Rental property owners: Claiming interes…
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FacebookAustralian Taxation Office
Difference between current and capital expenses has big tax consequences for rental property owners
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