What Tax Relief To Claim For Renting Out Condo

[pulsar 0]

Besides Maintenance Fees, Agent Fee to secure rent, Pty Tax, what else can we submit to IRAS? Renovation receipts BEFORE rental can? or must be DURING rental? thanks in advance!

[eiffel76 1]

reno is capital in nature, u cant claim that.

any other repairs/maint that you undertook can claim. Interest portion of your mortgage also can claim.

[Plastic3 0]

Claimable:

Interest on mortgage loan

Agent fee

Insurance

Repairs to restore to original condition

Replacing old furniture that is not usable anymore

Not-Claimable:

Initial Renovation before leasing out

Additional New Furniture

Edited April 21, 2010 by Plastic3