If your house is for your living, nothing get deduct from your tax; if you rent it out, then the mortgage interest could be deducted from the tax of your rental income.
[quote:a6e721b8e1="hover"]If your house is for your living, nothing get deduct from your tax; if you rent it out, then the mortgage interest could be deducted from the tax of your rental income.[/quote:a6e721b8e1]
But, the rental income that you need to pay income tax. Government is smarter than you.
You may be eligible to claim a rebate for a part of the GST you pay on the purchase price or cost of building your home if:
you buy a new or substantially renovated home (including the land or if you lease the land) from a builder;
you buy a new mobile home (including a modular home) or a floating home from a builder or vendor;
you buy a share of capital stock of a co-operative housing corporation;
you construct or substantially renovate your own home, or carry out a major addition (or hire another person to do so); or
your home is destroyed in a fire and is subsequently rebuilt.
Details
Resale homes are exempt from the 7% GST.
New homes are subject to the 7% GST. New home buyers can apply for a 2.52 % rebate of the 7% GST applicable to the purchase price to a maximum of $8,750 for homes costing less than $350,000 before GST.
For new homes priced between $350,000 and $450,000 before GST, the GST rebate would be reduced proportionately.
New homes priced $450,000 before GST or higher would not receive a rebate.
論壇通告:
個人空間:
論壇轉跳:
贊 
花籃 
投訴
踩 
分享
