12-04-2012 08:20 PM
I have gone blank and need help.
We are paying of a car by way of a Chattel Mortgage, should the interest expense be coded FRE or N-T.
And with Machine insurance what should the interest expense be FRE or N-T
Also Stamp Duty that is FRE is that right?
We have machinery which is parked and we pay rental, now the owner of the property is not registered for GST so would i put that as FRE or GNR.
Hope someone can clear this up for me, i get really confused with these tax codes
Solved! Go to Solution.
13-04-2012 04:27 PM
This advice is of a general nature and I would suggest that you have a chat with your Accountant
Interest Paid - FRE
Stamp Duty - N-T
Not registered for GST - GNR
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