Hi, just wanting to know if I charge 25% less then market value in rental to direct family members, which will result in a 'loss' on the property by end of financial year. Would I still be able to claim tax deduction, or in order to do so, would I be required submitting reasoning and justifications? I'm expecting to rent out property at a lower rate for 2-3years to direct family member.
Thanks
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244 views2 replies
2 replies
244 views
2 replies