Real Estate

Rental Reno using LOC Capital Expenditure

  • Last Updated:
  • Nov 5th, 2019 9:02 pm
Jr. Member
Oct 25, 2004
122 posts
13 upvotes

Rental Reno using LOC Capital Expenditure

Doing a Reno of two Bathrooms in my rental house. The cost is about $20K and I want to use my line of credit to pay for the Reno. If I claim a capital expenditure does the interest on the LOC a tax deduction as well?
1 reply
Newbie
Feb 4, 2014
62 posts
42 upvotes
Canada
Very good question! I would like to know as well if the interest would be a capital expense or a regular expense

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