offpseo

Expenses may be deductible for periods when the property is not rented out, providing the property is genuinely available for rent – that is: • The property is advertised, giving it broad exposure to potential tenants • Considering all the circumstances, tenants are reasonably likely to rent the property.   The absence of these factors generally indicates the owner doesn’t have a genuine intention to make income from the property. Factors that may indicate a property is not genuinely available for rent include: • It is advertised in ways that limit its exposure to potential tenants – for example, the property is only advertised: o    at your workplace o    by word of mouth outside annual holiday periods when the likelihood of it being rented out is very low • The location, condition of the property, or accessibility of the property, mean it is unlikely tenants will seek to rent it • You place unreasonable or stringent conditions ...