loan interest can be deducted, but not only that, alot more involving maintainance of unit such as electrician fee, plumbing works, or any repair. not to be confused with renovation or furnishing cost, but only repair or maintainance work is deductable. make sure receipt is well kept, and the receipt must be a comprehensive receipt to be valid for tax deduction.

thats all i remember from various free seminar i ve attended. would love to hear more from tax expert here.

damn from 24k to 4k. i also heard someone did not cut the gross income from the allowable expenses, so he pay tax based on the gross income for about 5 years LOL.