What are the allowable deductions for cash dividend income

Discussion in 'Accounting & Tax' started by Anjohn, 28th Apr, 2020.

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  1. Anjohn

    Anjohn Well-Known Member

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    My wife and I are the joint owners of a real estate Pty Ltd, if we declare some dividend income, what expenses could be allowed to claim for dividend earnings??
     
    Anjohn, 28th Apr, 2020
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    virtually none. What expenses relate to the dividend income? Tax advice perhaps
     
    Terry_w, 28th Apr, 2020
    #2
  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Interest incurred to buy shares ? Maybe.
     
    Paul@PAS, 28th Apr, 2020
    #3
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