TAX QUESTIONS? YOU ASK LAH!

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


Q: If I only rent out the upper storey of a 2-storey shop lot, is the loan interest for the whole shop lot eligible for tax deduction?

A: If the loan is used to purchase the whole shop lot, then only half of the loan interest is tax deductible.


Wishing you plentiful tax savings! 

Zen Chow

YYC Tax Guru

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