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New Member
posted Apr 30, 2024 4:22:59 AM

I am paying "Occupancy Fees" charges and have rented the unit. Question - is occupancy fees that I am paying to the builder tax deductible expense despite getting rent.

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3 Replies
Returning Member
Apr 30, 2024 7:16:37 AM

Yes occupancy fees are tax deductible for a property you are using to generate rental income.

New Member
Apr 30, 2024 9:49:15 AM

Ok. Thank you. What happens when the property is not rented.  Can occupancy fees be claimed as an expense? 

Moderator
Apr 30, 2024 4:52:50 PM

No, not if you are not using the property to earn income.