TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!


Q: Is furniture purchased for tenant considered as direct expense? 

A: If it is an initial purchase of furniture for tenant, it cannot be considered as maintenance cost or direct expense. It can only be considered as maintenance cost when the furniture has worn out and needs to be replaced because replacement is considered as maintenance and deductible as direct expense. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

Subscribe To Our Newsletter To Get Weekly Dose of Tax Knowledge!

We respect your email privacy


Home     Useful Articles     About Us     Contact Us     Site Map

Copyright 2021    YYCadvisors.com    All rights reserved.