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Reply: 1.1.1 From: Dale Gatherum-Goss Hi David Yes, you can. Your intention is to generate an income, if not a higher income, from that property and so it should not be a problem. The only catch would be if there was an unreasonable delay between the costs incurred and the rental income...

Reply: 1 From: Dale Gatherum-Goss Hi David Unfortunately, renovations are not tax deductible regardless of your situation. The best result is that you can claim depreciation on the cost of the renovations. Sorry Dale