Taxation of rental income within a business
By Marc Sevitz · Updated
I own properties in a business with 2 partners, can the monthly bond repayments be deducted from the income generated from the rentals?
Only the interest portion of the bond repayments can be deducted - not the total repayment.
Other expenses that can be deducted are below.
Rental property deductions
Other expenses that can be deducted are below.
Rental property deductions