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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
Last edited by Entrep; 28-05-2017 at 10:13 AM.
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Member
Originally Posted by Entrep
Thanks, do you know if all the people who lost money in finance companies were able to claim?
Same rules applied so many (most?) wouldn't have got a deduction.
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Another article based on some of the FMA information:
https://www.interest.co.nz/personal-...comment-972994
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