lukemaster130
New member
hi, would like to check if buying property using a company can be used as an expense?
in the simplest terms, if i forecast my net profit of 200k for FY23 (prior to purchasing the property) and I then bought a property for 200k in FY23, will my PnL / balance sheet be 0 hence i pay 0 tax in 2024?
thanks
in the simplest terms, if i forecast my net profit of 200k for FY23 (prior to purchasing the property) and I then bought a property for 200k in FY23, will my PnL / balance sheet be 0 hence i pay 0 tax in 2024?
thanks