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Personal Income Tax Deductions What You Can Deduct If You Own a Rental Property - Personal Income Tax Deductions: What You Can Deduct If You Own a Rental Property

The tax season has begun, and it's time to settle your debts with the Treasury. The deadline to do so is the 30th of June. However, every year, one of the main questions for owners of rental properties is the personal income tax deductions they can claim.

In this regard, it's essential to know that tax deductions apply also to improvements made to the property or its utilities.

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