onthepathtogod
New member
@susier Got it, that’s good. I got the feeling that someone might think you can just deduct 100% of the interest & be done with it…lol
Your example is a good one to demonstrate how this works in a loss making situation & benefits you immensely. Especially as a single owner with a large mortgage.
One thing I’d question is if the property is held in joint ownership then the loss would have to be apportioned accordingly to ownership split right?
Once again mate, we’ll done for posting this. We should be shouting it from the rooftops as I’m almost certain most homeowners would get a flat mate in a heartbeat if they knew how much it could benefit them financially. But I’d be hesitant to do that knowing the current Govt already has fiscal problems & widespread uptake of this would be even worse for them so they’d probably shut it down!
Your example is a good one to demonstrate how this works in a loss making situation & benefits you immensely. Especially as a single owner with a large mortgage.
One thing I’d question is if the property is held in joint ownership then the loss would have to be apportioned accordingly to ownership split right?
Once again mate, we’ll done for posting this. We should be shouting it from the rooftops as I’m almost certain most homeowners would get a flat mate in a heartbeat if they knew how much it could benefit them financially. But I’d be hesitant to do that knowing the current Govt already has fiscal problems & widespread uptake of this would be even worse for them so they’d probably shut it down!