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Temporary break in rental income

Posted 2 July 2015 under Tax Questions



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Shadow1 says:
2 July 2015 at 11:37

I have a property that I rent out. Every year on my tax return, I declare the income I received, and also include related expenses (ie, interest on loan, levies, rates, etc)

I would like to know the following - there were 2 months when the property was not let out (I was finding new tenants at the time). Can I include the expenses for those 2 months thereby reducing my profit, or can I only include expenses for the months when the property had tenants and I was receiving an income?

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TaxTimTaxTim says:
2 July 2015 at 11:43

Yes you can, as you were actively seeking new tenants, so that is acceptable.


Shadow1 says:
2 July 2015 at 11:57

Thank you for the very quick response!


TaxTimTaxTim says:
2 July 2015 at 12:13

Only a pleasure!


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