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Could someone tell me if it is worthwhile to borrow money for costs involved with subdividing land (which will be used to build rental houses) in regards to tax deductions. Then we can use existing cash for other purposes.
LesleighI cant see why not but i would recommend you check with your accountant – us brokers are not qualified to give clients tax advice and often an accountant will come up with structures for loans that will maximise tax benefits.
Anita Marshall
Advanced Finance Solutions
http://www.advancefinance.com.au
[email protected]
Viewing 2 posts - 1 through 2 (of 2 total)
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