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Can I offset my rent paid against my rental income derived?

Posted 22 November 2015

Pieter said:
22 November 2015 at 9:48

I own an apartment that I let out. However I also rent an apartment for me to live in. Can I offset my rental expense against my rental income on my primary residence?

TaxTim Evan TaxTim Evan said:
22 November 2015 at 20:14

Unfortunately not, the personal expenses for your home cannot be offset against income/expenses. The income earning apartment must be declared separately in the local business section of your tax return.

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