Can company expense bond related expenses for property owned by director but used & paid by company?
By Alicia Human · Updated
I bought property in my personal name and started a B&B which is registered as a PTY. Can the PTY expense the interest on the bond and the bond installments since it utilises the property and pays for it even though it is registered in my name?
Your PTY cant claim the expense, as the property is in your personal name and the PTY is a separate entity.