Can I claim expenses when rental property is vacant
By Alicia Human · Updated
Yes, you can claim expenses for the two months when the property was vacant, as long as you were actively seeking new tenants.
When there is a temporary break in rental income and you are genuinely trying to find new tenants, you are still allowed to include the property-related expenses in your tax return.
However, it's important to note that you can only claim expenses if you are actively seeking rental income.
If you are not making a genuine effort to rent out the property, these expenses would be considered personal and would not be tax-deductible.
The key is demonstrating that you are trying to generate rental income during the period of vacancy.
When there is a temporary break in rental income and you are genuinely trying to find new tenants, you are still allowed to include the property-related expenses in your tax return.
However, it's important to note that you can only claim expenses if you are actively seeking rental income.
If you are not making a genuine effort to rent out the property, these expenses would be considered personal and would not be tax-deductible.
The key is demonstrating that you are trying to generate rental income during the period of vacancy.