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Stela says: 16 February 2017 at 14:59 If I spent more on maintenance of my rented granny flat than I earned in rent can I offset it over several years? |
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TaxTim says: 17 February 2017 at 8:21 Can you kindly tell us what kind of maintenance have you had to do to the flat? |
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Stela says: 17 February 2017 at 18:09 The maintenance was: Painting of walls and ceiling, replacing stove hotplates, replacing wash line, sanding and re-varnish windows and doors, replace 1 door lock unit, repainting roof, repairing paving, carpet cleaning. Regular services: Garden services, Handyman labour for some of the above. Other: Installed a security gate and an extractor fan. |
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TaxTim says: 20 February 2017 at 9:41 Yes you can claim them against your rental income but it can only be set-off in the year you incurred these expenses. You are able to select on your tax return that you want your loss to be ring-fenced this will allow you to get the benefit of these expenses in the following your too. |
