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wheatgrass

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    wheatgrass replied to the topic Land Deductions in the forum Legal & Accounting 17 years, 11 months ago

    Hi Guys,

    Not 100% sure but I would actually check that out as the ATO only allow tax deductibility for assets that are income producing. Land on it’s own is not be income producing and thus the interest not tax deductible.

    David P

    [cap]

wheatgrass

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