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From: KJL .
Happy Friday everyone.
I recently got hold of a brochure from some outfit called "Which Property?", that spoke of borrowing and prepaying your first year's interest on an IP then claiming all as a deduction before June 30.
Now I've thought about it as much as I can manage, but when I think about tax too long my ears start to bleed. Bearing in mind I'm not the sharpest tool in the box, can anyone tell in simple terms why this borrowing and prepayment would be a good idea?
KJL
Happy Friday everyone.
I recently got hold of a brochure from some outfit called "Which Property?", that spoke of borrowing and prepaying your first year's interest on an IP then claiming all as a deduction before June 30.
Now I've thought about it as much as I can manage, but when I think about tax too long my ears start to bleed. Bearing in mind I'm not the sharpest tool in the box, can anyone tell in simple terms why this borrowing and prepayment would be a good idea?
KJL
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