1.When calculating taxable property income for a rental property owned by an individual, which of the following should never be included in the calculation?

		Half year rule
		Accelerated Investment Incentive
		Terminal loss
		Short fiscal period rule

2.

Interest can only be deducted if it is incurred for the production of business or property income

True

False

3.

A taxpayer acquires a rental property in October 2018 for $1,000,000. 20% of the cost of the rental property was for the land and 80% of the cost of the rental property was for the building. The CCA rate for the land is 4%.

True

False