Dear all,
Appreciate if someone more experience can enlighten me on this issue.
I have an apartment which is currently vacant and not tenanted, however, it's attached car park was rented out in the past 9 months. The car park is attached to the apartment under 1 strata title.
I am still serving the housing loan for this apartment.
May I ask do I still need to declare this car park rental income?
If yes, is it proper for me to deduct this car park rental income against the housing loan interest, maintenance fees and sinking funds, quit rent, assessment receipts and fire insurance as deductible tax expenses?
Appreciate if you could enlightened me on this. Thank you.
Rental Income Tax, Rental Income Tax