BJBJ replied to the topic can interest be use to deduct tax? in the forum Legal & Accounting 16 years, 11 months ago
My partner is a non australian. I am an australian. He is not allowed to own any IP under aus law. That why we set up a company, I am holding a bigger share in the company. Currently, I will like to know is there any ways where we can use the negative gear for our own taxable income.Our only income for the company is rental.If there are no wa…[Read more]