I am planning to incorporate my stripping into a company type structure. I've already spoken with my account and for me (in re: my country's tax laws) I'm eligible to do so (from self employed structure in the Personal Services industry to a company structure same industry).
Answer my question as per the laws etc in your own country.
If I took out a personal loan (example: $5000) which was going to be used for business expenses only ($3000 to incorporate with the reaminder being used to cover business expenses: lease of a car, petrol etc for the car, travel, accomm., etc expenses associated with the company earning an income as such).... I'm naturally assuming that it would be tax deductible ?
Or is only the interest tax deductible?



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