empty property can i claim back mortgage interest

R

rooster

Guest
have a vacant property it is to be renovated but hasnt started yet had for couple of years can i write off interest from mortgage etc
 
i have other rental property was looking at useing it against them to write off
 
You have to calculate each rental property separately but can then set losses on one off against gains from another if applicable. I understand you bought this property with the intent of renting it out in the future, but at present it is not a rental property, it is a vacant non-ppr.
Sybil
 
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