Simon says: 17 April 2017 at 13:48 In respect of a second property that one rents out, starting off, can one deduct the following for personal income tax: (1) Bond transfer fees and registration costs; (2) Costs incurred on repairs to the property in the month prior to receiving the 1st rental for the property? |
TaxTim says: 17 April 2017 at 15:06 You can deduct the repairs only, the other costs are part of the base cost of the property reducing any capital gains on sale. |