Category: Updates

Can I deduct my rental losses?

Rental Losses Are Passive Losses They can’t be deducted from income you earn from a job or investments such as stock or savings accounts. Passive income i...

What does 10 percent yield mean?

The “yield” of a property tells you how much of an annual return you are likely to get on your investment. It is calculated by expressing a years rental i...

What is tax effect in income tax?

‘Tax effect’ refers to the difference between the tax on the assessed income and tax on the income without the assessment adjustments. An Assessing Office...