Money Doesn’t Come Without Guidance ...
If you receive an income from any rental property, you can claim a variety of expenses in your tax return. You can deduct any reasonable expenses you incur to earn rental income but it has to be related to the costs of generating rental income, and must not include costs for private use.
For example, you can claim the cost of insuring your rental property. If you did not own a property or have a property for your personal use, then you would not incur the expense.
There are many rental property expenses. You can claim these rental property expenses in your tax return: