Hi Ethan, your videos are extremely helpful, thanks for that! Question, I don't own a car but longterm hire one at around 1000 AUD per month. Can I claim these monthly expenses somehow? Thanks!
@@EthanRooshock maybe for a future post, a taxpayer takes a line of credit over his own home and initially uses it for income producing purposes. He starts paying down the loan but he redraws an amount for private purposes. He does put the money back before eofy, but he claims all the interest at tax time, I think it’s a danger area?
Have you lodged your tax return yet?
Hi Ethan, your videos are extremely helpful, thanks for that! Question, I don't own a car but longterm hire one at around 1000 AUD per month. Can I claim these monthly expenses somehow? Thanks!
I'm not sure without knowing your situation. Are you using that car for work?
What if you don't use a phone for phone calls Maybe you only use it as a camera or for invoicing clients , paying bills
Still falls under the same rules I believe
Thanks.
No worries!
Goodonya!
Thanks mate!
@@EthanRooshock maybe for a future post, a taxpayer takes a line of credit over his own home and initially uses it for income producing purposes. He starts paying down the loan but he redraws an amount for private purposes. He does put the money back before eofy, but he claims all the interest at tax time, I think it’s a danger area?
@@peterinoz4502 Yeah definitely a good and common topic!
🙏🙏🙏🙏🙏⭐️⭐️⭐️⭐️⭐️
Thanks!