TAX QUESTIONS? YOU ASK LAH! 

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Q: If a property rented out is vacant for 4 months, would the loan interest, management fees and other rental expenses incurred during the vacant period be tax deductible?

A: Yes, if the property has been rented out before and the vacant period is not more than two years, the rental expenses incurred during the vacant period are deductible against the rental income.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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