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Property tax/ house tax

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Keshav Kakar

82 Points Posted on 14 October 2023

Can property tax of a vacant commercial property be claimed with another rent income of commercial property ?

eg. Property No.1 is vacant and house tax paid is X amount.

Property No.2 is occupied and rental income is received and house tax paid is Y amount.

While calculating income.
can the property tax of property no 1 and property no 2 be claimed from rental income from property no 2.
like rental income
less (X+Y) house tax of both the properties.
less 30%

Replies (2)

Quick Summary

This discussion explores whether the property tax paid on a vacant commercial property can be offset against the rental income generated by another occupied commercial property. The question is whether the combined property taxes (X for the vacant property and Y for the occupied one) can be deducted from the rental income of the occupied property before calculating the 30% allowance. The consensus suggests that you may not be able to claim the property tax for the vacant property in this way.