Dear PTers
Can someone please explain to me what expenses can be off-set against rental income when doing a tax return?
Can the following expenditures be off-set??
- Property management fees
- improvements such as new fences, new letterboxes, new clothes-lines
- maintanence carried out by tradesmen
- house insurance
Please add to the list if you think of other expenditures that can be off-set.
Thanks in advance.
Shane D
Can someone please explain to me what expenses can be off-set against rental income when doing a tax return?
Can the following expenditures be off-set??
- Property management fees
- improvements such as new fences, new letterboxes, new clothes-lines
- maintanence carried out by tradesmen
- house insurance
Please add to the list if you think of other expenditures that can be off-set.
Thanks in advance.
Shane D
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