Renting offers tax advantages; MONEYCARE Final Edition
If you have to buy extra furniture, beds, dressing tables and so on, specifically for your rented rooms, this would also be a deductible expense as capital cost allowance (depreciation). Other deductible expenses would be things like extra bed linens and towels. Even smoke and heat detectors. What o...
Saved in:
| Published in | Edmonton journal |
|---|---|
| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
Edmonton, Alta
Postmedia Network Inc
28.01.1991
|
| Online Access | Get full text |
Cover
Loading…
| Summary: | If you have to buy extra furniture, beds, dressing tables and so on, specifically for your rented rooms, this would also be a deductible expense as capital cost allowance (depreciation). Other deductible expenses would be things like extra bed linens and towels. Even smoke and heat detectors. What other kind of expenses might you deduct? Well, if you have to pay for maintenance or repairs, or painting, then these costs are also deductible. As are wages paid to domestic help for cleaning.Accounting expenses are also deductible. |
|---|---|
| ISSN: | 0839-296X |