I am going to start moving to the city so I will rent my own house to someone. Is that right that since the first day of my house becoming rental I can claim all the interest in the mortgage of the house as well as the body corp fee and rate etc as expenses for tax refund purpose? Is there any trap there? Should I also start recording depreciations on the items that I left to my tanent like fridge and bed as well as carpet etc?
Any useful advice would be appreciated. Thanks.
Any useful advice would be appreciated. Thanks.
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