For an expense to be deductible, it needs to be incurred in the production of income. It will be hard to prove that sexual favours received constitute income as defined. Furthermore, even if you could argue that they do, you would need to prove that the sexual services u received are...
Hi Guys
Apparently I was doing 98km/h in a 60 zone.
I received a notice of a fine written No Admission of Guilt. The notice says a summons will be sent. What options do I have? Has anyone been through this before?
How did it go once in court?
Your loss might be ring fenced to the rental trade though. Secondly, if u cant prove that your expenses were in the production of income (ie not proving that you're actively marketing the property for rental), the expenses will be denied.