Hi, I recently purchased a house with the sole purpose of renting it out, however I want to make some repairs and improvements first.
a) can the repairs be claimed if there is no tenant yet? Note that I do have a tenant lined up to move in and can get the lease signed early, although no rent will be paid until they physically move in.
b) can interest be claimed on funds required to make improvements? (realise that improvements themselves cannot be claimed).
thanks guys
Jason
a) can the repairs be claimed if there is no tenant yet? Note that I do have a tenant lined up to move in and can get the lease signed early, although no rent will be paid until they physically move in.
b) can interest be claimed on funds required to make improvements? (realise that improvements themselves cannot be claimed).
thanks guys
Jason