All Topics / The Treasure Chest / Can I claim tax section 15-15 without a tenant ?

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  • Profile photo of hwd007hwd007
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    @hwd007
    Join Date: 2002
    Post Count: 247
    May 1, 2003 - 6:02 pm

    Can I claim tax section 15-15 without a tenant ? I mean do I have to be generating income to be able to get the tax refunds on the expenses such as loan interest and expenses etc…

    Profile photo of truebluetrueblue
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    @trueblue
    Join Date: 2003
    Post Count: 142
    May 2, 2003 - 5:49 am

    If the property was bought as an investment property & your intention was to get a tenant in, I would say all non capital expenses incurred are tax deductible. If you are concerned, just keep your advs as proof to the tax man if you ever get an audit.

    Profile photo of hwd007hwd007
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    @hwd007
    Join Date: 2002
    Post Count: 247
    May 3, 2003 - 5:23 pm

    OK Thanks matey

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