I live by myself in a property owned by Family trust. I would like to either rent some rooms out or rent the whole place and move out somewhere smaller. What is the best way to go about it since it’s owned by Family Trust I can’t get any tax benefits I believe like claiming expenses against my personal income tax etc. Is there a way around it or can I transfer it in the name of a company and then rent it out and claim the losses against my personal income?
Thanks
Thanks
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