Home Forums Money matters rent/commerical tax deductable?

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  • #985307
    Davejochow
    Member
    • Total posts: 38

    Hi just a quick tax q.
    If I run my own business and live in a building which is joint residental and commerical title, can any of the rent be tax deductable if any?

    #1152592
    nighttax
    Member
    • Total posts: 172

    Hell Jo
    Your question is a bit vague but I assume you are renting something like a flat and shop combo and you are running a business out of the shop.
    If so then the rent on the shop (excluding the residential share of the rent) will be a business expense and therefore deductible from business income.

    regards
    Evan

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