What to do with following expences whilst renting out student accommodation (commune)?



Part of Personal income.
1. Do I enter bond payments for the property anywhere?
2. What about security payments to Chubb?
3. What about Furniture & appliances - all rooms are furnished.

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TaxTim TaxTim says:
3 June 2013 at 10:18

1. Only the interest from the bond payments can be deducted as an expenses against the income earned from the rent.
2. Security payments/expenses will be allowed to be claimed as a deduction.
3. The furniture can be deducted using the wear and tear depreciation methods as the cost is related to earning income from the rental.




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