roytheboyo
Registered User
- Messages
- 97
I never really understand the concept behind wanting borrowings to reduce tax, you have to pay interest to get back tax at a much lower rate than you paid. For ordinary mortgage interest relief for example a person has to pay a €1 in interest to get back .20c, why would anyone do that by choice? Would I give away a €1 to someone for .20 in return! Is there something different on the investment property side that makes it actually profitable?
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