News

Tax department rules on deducting accountancy fees

Wednesday 9th of April 2008
A Taxation Review Authority ruling says that tax deductions for accountancy fees incurred after the balance date of that income year cannot be claimed – even though there is a space for it on the income tax return form.

Withers Tsang partner Mark Withers says the safe course for property investors to take arising from the ruling has to be to claim the deduction in the year it is i...
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