Thanks Saamee, the consensus seemed to be that fees are deductible but write offs are not unless you have a special structure in place (even then not sure).
I will speak to my accountant.
Edit: https://www2.deloitte.com/nz/en/page...p-lending.html
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Thanks Saamee, the consensus seemed to be that fees are deductible but write offs are not unless you have a special structure in place (even then not sure).
I will speak to my accountant.
Edit: https://www2.deloitte.com/nz/en/page...p-lending.html
Around :10 % in default,3% written off
http://www.scoop.co.nz/stories/BU171...+November+2017
Another article based on some of the FMA information:
https://www.interest.co.nz/personal-...comment-972994