Property investors find ways around non-deductibility rules
Landlords are borrowing against their rentals and putting the funds to other uses to avoid new regime, property expert says.
Nichole Lewis speaks to Maria Slade.
Residential investors are borrowing money against their rentals to put into other income-earning ventures, as a way to avoid the new mortgage non-deductibility rule, a property commentator said.
As of October 2021, residential property investors could no longer claim mortgage interest as a tax
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