S starlite68 Registered User Messages 330 16 Jan 2008 #1 can anyone tell me,.if you are renting a premises for your business, can you claim the cost of the rent back as a business expence on your income tax.
can anyone tell me,.if you are renting a premises for your business, can you claim the cost of the rent back as a business expence on your income tax.
G Graham_07 Registered User Messages 2,890 16 Jan 2008 #2 Yes. Rent & rates or any other tenant expenses on the property are expensed against income of the year in question. Any capital items, such as fixtures/fittings etc. would be allowed at 12.5% pa.
Yes. Rent & rates or any other tenant expenses on the property are expensed against income of the year in question. Any capital items, such as fixtures/fittings etc. would be allowed at 12.5% pa.