I have a business with both an ACN and an ABN. I have found a residential apartment in a Local Centre zone I would like to work out of during the day (due to its proximity to potential customers) while maintaining my current place of residence. They will allow me to sign a residential lease having the tenant listed as my company (ABN and ACN are included in the lease) and myself signing on behalf of the company as its director.
I was wondering if this is valid, and that I can pay the rent from the company account and claim a company tax deduction as a result? Or will there be issues because the lease says residential lease on it and not commercial lease (even though it will be under the business name with me signing as director).
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7,380 views1 replies
1 replies
7,380 views
1 replies