Taxable Income

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W
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Hi All
I have rented out a property for the last four years and pay my Tax on income as necessary. I am now in the process of purchasing another property to rent out, my question is can I claim against Tax on any expenditure incurred during the purchase proses, e.g. Legal fees, refurbishment costs etc. before I have Tenants living in the property.
As I understand it these costs can be offset against Tax as I already have a property business, Is that correct?

Regards Dave
28/02/2015 13:40

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