Dear
My friend and I would like to make private purchases of a building. It consists of commercial premises, an apartment for rental and a duplex where we would live ourselves. We will take out the loan privately.
Can I include the use of the commercial property in my expenses? I currently rent a property from someone, and the rent is a monthly expense. If this rent is no longer payable, I will no longer have any expenses, which will make my results much more positive.
I assume that I can include expenses incurred for furnishings or minor renovations as costs. But what about the rent?
Thank you in advance for an answer.
Kind regards,
Ellen