Buying second property - investment & taxes
so currently have my own principle residence.
looking to buy a second property, as a long term investment property.
the plan is to let my mother and grandmother live there rent free. so no investment income. it's really an a place for them to live but i guess it doubles up as a long term investment?
question is, is there any taxes or benefits which i could write off as negative equity since i will have no investment income?
looking to buy a second property, as a long term investment property.
the plan is to let my mother and grandmother live there rent free. so no investment income. it's really an a place for them to live but i guess it doubles up as a long term investment?
question is, is there any taxes or benefits which i could write off as negative equity since i will have no investment income?