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Moral Dilemma? It seems a logical way of treating it. The additional income is treated as taxable income. The additional expense (aka Interest) is treated as
by whatusername 16y ago
Moral Dilemma?
It seems a logical way of treating it.
The additional income is treated as taxable income. The additional expense (aka Interest) is treated as a deductible expense.
- snagage 16y ago1. It's deducted against personal income. 2. Nobody is allowed to do it on their own home
- whatusername 16y agoSo is a company car if you're a sole trader... But I can't write off my normal car. It's relatively consistent.