Claiming Interest Expenses for Rental Properties
Did you know that if you take out a loan to purchase a rental property, you can claim
the interest charged on that loan, or a portion of the interest, as a deduction?
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Did you know that if you take out a loan to purchase a rental property, you can claim
the interest charged on that loan, or a portion of the interest, as a deduction?
The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person.
If you are an employee working from home or a business owner who runs your business from home, you can request for a deduction.
Due to the prevailing situation of COVID-19, the government has decided to temporarily extend the access of instant write-off up to $150,000 for small businesses till 31st of December 2020.
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