Last updated on 14 February 2024
Can I deduct debtor interest on mortgage loan for future rental property without rental income?
Yes, you can deduct all expenses relating to a rental property, even if you have not received any rent during the tax year.
To qualify for the deductions, the property in question must be designated as a future rental property (the property must be let within a maximum of 2 years) or a current rental property.
To qualify for the deductions, the property in question must be designated as a future rental property (the property must be let within a maximum of 2 years) or a current rental property.