Item 17 - If you rented any part of your dwelling

This question seeks to determine the net rental profit received by an applicant for renting out a part of his or her dwelling. Applicants who rent out a portion of the home only for residential purposes and who do not engage in or allow some other commercial purpose at the subject property are entitled to have their credit eligibility calculated on the entire assessment value. The discussion under Item 16 is an explanation of the commercial business distinction. Of course, the amount of "net" profit from the rental, after allowing the costs of such expenses as electricity and maintenance to be deducted from the gross figure, shall be counted as a source of income in item 18.