TAX QUESTIONS? YOU ASK LAH!

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Q: Are tenancy agreement fee and stamping fee eligible to be claimed as direct expenses for rental income? 

A: If the tenancy agreement fee and stamping fee are incurred for a first-time tenancy, it is not eligible to be claimed as direct expenses. If the fees are incurred for renewal of tenancy, then they are eligible to be claimed as direct expenses. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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