View Single Post
  #2  
Old 31.10.2010, 14:56
fatmanfilms's Avatar
fatmanfilms fatmanfilms is offline
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Interest on loan

Quote:
View Post
Thinking about borrowing from falimy overseas to pay part of the 20% mortgage down payment, but is the interest on personal loan also tax deductible?

Appeciate any help on this topic! Thanks in Advance.
Not only is the interest deductible but should be shown as a liability for wealth tax purposes. Have the loan agreement in writing.
Reply With Quote