Writing off interest against rent

finbar

Frequent Poster
Messages
157
In the last budget the amount of interest you could write off against rent has been reduced to 75%. I am currently filling out form 12 for the 2008 return. Is the 2008 return based on the old system ie 100% write off oe the new system 75 % ?
 

paulpd

Frequent Poster
Messages
121
100% of the interest is allowed for 2008 rental profit computation.(Assuming 100% of the loan was used for the rented property in question).
 
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