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Old 24.10.2010, 16:35
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Interest on loan

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.
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Old 31.10.2010, 14:56
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Re: Interest on loan

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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.
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