Rules deductibility mortgage interest
Recent the Supreme Court the distinction between
deductible eigenwoningrente has treated and not deductible interest.
A debt which has contracted the costs of improvement or finance
maintenance of its own house must satisfy (for deductible to be) to a
number of conditions the loan must be concluded for maintenance or for
improvement of its own house. Credit does not have use you
immediately. Between the moment of to conclude and expenditure
to the house can use you the money for other aims. Condition is,
however, that an amount of the same scope remains in liquide resources
available up to the moment that you do the effective expenditure to
the house it have been therefore permitted pay the expenditure for
improvement firstly from own resources without using the lent amount
moreover you must the payments for improvement or can show maintenance
to its own house with written proofs. It is therefore important
that you keep up a precise administration of all expenditure.
Differently you run risk that the interest calculation in danger
come.
Source "rules deductibility mortgage interest": General
Head index page of "rules deductibility mortgage interest"
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