Mortgage Interest

Mortgage Interest

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 HI,

If there is any case where mortgage interest in not allowable deduction from property rental income.

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By TaxationPete
29th Apr 2011 08:58

May be

Then the interest represents a mortgage value that is greatert ehn when the property entered the rental business. When the mortgage was not raised on the rental property, or the equity raised not wholly and exclusively for the acquistion of a rental property. Regards Peter

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