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Reply: 1.1 From: Dale Gatherum-Goss Me again I just wanted to explain why this might look odd tot he tax office . . . Rent In 120 Less Expenses Council rates 560 Interest on loan 7,000 Public Liability Insurance...

Reply: 1 From: Dale Gatherum-Goss Hi Julie There is no "correct" answer to your question, I am afraid. Yes, the block of land now has an income attributable to it and this does mean that the interest is tax deductible. However, the tax office on inspection, are likely to look at a...