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Tax deduction for vacant months in property

Posted 13 July 2015 under Tax Questions



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Carol says:
13 July 2015 at 15:01

I bought a rental property but didn't have a tenant for the first 3 months. Can I deduct the interest and rates for the first 3 months where I did not get any rental income?

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TaxTimTaxTim says:
13 July 2015 at 15:10

Were you actively seeking a tenant over those months?


Carol says:
13 July 2015 at 15:27

Hi yes but nothing I can prove because we didn't look through an agent.


TaxTimTaxTim says:
13 July 2015 at 17:50

You are allowed to deduct the costs provided you were actively seeking, it does not need to be via an agent. You can demonstrate it if SARS asks by perhaps ads you placed in the papers or online.


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