Does it really matter if I have paid 4 an investment property expense from my personal money/ account??

If I have paid for an expense relating to an investment property from personal account, instead of company account, does it really matter?
Will tax office still view it as an acceptable deduction from the company? Thanks in advance.

The way it works is that you account for income you earn / attributed to you and offset expenses "incurred" against it.

The entity is liable for the expense but may only claim a deduction to the extent of the expense incurred which in this case is Nil. You will need to get the company records to show a flow of money from them to you that is clearly identified as reimbursement of the expense. Personally I would make sure that there was a note in the company records about the mix up so that if you are audited the auditor is immediately aware of the mix up and how it was resolved.

Who owns the property? If you do, it doesn't matter which account the money comes from, just as long as you paid the expense.

In the end, no.

But it does matter how it gets recorded if your investment business is incorporated.

Ask your accountant to make sure it gets recorded correctly now, and when the company pays you back in the future.

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