Here is a rundown of some lesser-known tax deductible expenses.

Approach an accountant for advice on identifying tax deductible expenses related to the property.

It is then vitally important to record all tax deductible expenses for your tax return.

The exclusion of none tax deductible expenses ensure that the unit value calculations are only based on investment performance.

Tax deductible expenses include: Water rates paid during a tenancy (unless the tenant is paying them).

Some examples of tax deductible expenses include:

Unit cancellation is typically used for withdrawals and when you want to exclude none tax deductible expenses from Unit Value calculations.

Expenses related to adaptive or assistive technology required to participate in the workforce may be tax deductible expenses for individuals with a medical practitioner's prescription in some jurisdictions.

Taxable income is not necessarily the best measure of what someone earns because it excludes tax deductible expenses such as investment loan expenses and personal super tax deductions.

The Republican bill would also authorize American companies with factories in other countries to use some of those methods to convert taxable profits in those countries into tax deductible expenses.

Nabors and Groupe Bourbon can convert otherwise taxable profits earned in the United States into tax deductible expenses paid to the offshore parent in the form of interest, royalties and fees.

The OECD 1996 Recommendation on the Tax Deductibility of Bribes to Foreign Public Officials sought to put an end to claiming bribes to foreign public officials as tax deductible expenses.

The Tax People was the subject of a front-page article in The New York Times last September that examined its claims that "golf, hunting, fishing and even vacations with your family" could become tax deductible expenses for those who bought the company's system.

When debating corruption in developing countries, however, we should not forget about the shameful practice, used until recently by countries such as the United States, Denmark or Germany, of allowing companies to use bribes and then permitting these sums to be listed as tax deductible expenses.