Refinancing loan interest may be deductible to a partnership

A general law partnership is formed when two or more people go into business together. Partnerships are generally set up so that all partners are equally responsible for the management of the business, but each also has liability for the debts that business may incur.

Tax law also provides for the notion of a “tax law partnership” – which occurs when individuals are in receipt of income jointly – such as an investment property.

See the article below for more information.

Read article


Recent News:

Liability limited by a Scheme approved under Professional Standards Legislation
Terms of Engagement | Privacy Policy

Copyright © 2015 Evans Edwards & Associates Pty Ltd  | ABN: 14 096 497 602 

452 Advice Pty Ltd | ABN 30 614 908 619

452 Advice Pty Ltd (trading as Evans Edwards Financial Advisors Wealth Creators) is a Corporate Authorised Representative (No.1261614) of Capstone Financial Planning Pty Ltd ABN 24 093 733 969. AFSL No. 223135. 

452 Finance Pty Ltd I ABN 24 629 999 373

Credit Representative Number 513542 of Centrepoint Alliance Lending Pty Ltd

Centrepoint Alliance Lending Pty Ltd Privacy Policy

ABN 40 100 947 804 I Australian Credit Licence 377711

74939008_Colour_Portrait.png
xero-gold-partner-badge-RGB.png