S suicra05 Registered User Messages 255 9 Apr 2009 #1 The announcement in the budget that only 75% of interest relief is now allowable on rented property. This is effective immediately. Does that mean when submitting my 2008 taxes I can only allow 75% interest relief?
The announcement in the budget that only 75% of interest relief is now allowable on rented property. This is effective immediately. Does that mean when submitting my 2008 taxes I can only allow 75% interest relief?
A Arch2 Registered User Messages 136 10 Apr 2009 #2 no. it will be effective from APril 2009 so for 2009 tax return you will have 100% interestdeduction for 3 months and 9 months at 75%
no. it will be effective from APril 2009 so for 2009 tax return you will have 100% interestdeduction for 3 months and 9 months at 75%