Name: Glenn & Andrea Bouche – SMSF Trustees
Rating: 5
Author: Glenn & Andrea Bouche

Deductions for finance of a rental property

Posted by Team AVS on 8 Aug, 2017 0 Comments

Tags: Finance, Rental Property, Tax, Tax Deductions

Interest can be claimed for the cost of funds borrowed to purchase a rental property and to meet maintenance costs or running expenses while the rental property is being let (or is available to be let) under a commercial arrangement to generate assessable income. In these circumstances the interest paid is deductible even if it exceeds the income generated.

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Glenn & Andrea Bouche SMSF Trustees

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