Covisory Connect - Issue 2 2021 - Adapt Evolve Transform

Page 18

TRUSTS: TAXATION:

Interest deductability on rental properties

2021

Government releases discussion document on interest deductibility for residential rental properties On 10 June, the Government released a consultative document of 143 pages on the proposals announced in March 2021 to deny interest deductions on moneys borrowed to acquire residential rental properties. 18 l Covisor y Conn ec t Ma gazin e 18 l Covisor y Conn ec t Ma gazin e


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