monstermunch replied to the topic Basic question on deductable interest in the forum Help Needed! 16 years, 6 months ago
Hi RichardThanks for the advice. I must say I'm quite surprised – was pretty sure the UK inland revenue didn't allow this and thought it was only for negatively geared losses over here!So, for example, if I wanted to buy a $200K property with a 5% deposit and have a mortgage (sorry, home loan) of $190K at 10% (for ease of calculation), the int…[Read more]