Comments to answers

Morning, is the cost of construction of a residential rental property allowable on an individual? How is it apportioned i.e. for tax purposes?

CAPEX on Residential property is NOT an allowable tax exp. However if the owner leaves in the house purchased or improved by a bank loan, 150k max is allowable as interest exp. Here is the twist. CAPEX Rental Property. If CAPEX is used to renovate a rental property in order to maintain the level of rent that expenditure is allowable as an expense.