Interest on Personal Loan - is it ever claimable?
Hi!
I'm in the process of engaging an accountant to sort this out (and handle my accounting affairs going forward), but wanted to get some initial feedback as to what to expect on this particular issue...and to see if anyone had any experience with this in the past...
Is interest on a personal loan, used as a deposit for an OTP property, claimable?
My initial thoughts are yes, its for investment purposes and ultimately (I'm unsure if this is a relevant consideration or not...I will be laible for CGT)...
Hi!
I'm in the process of engaging an accountant to sort this out (and handle my accounting affairs going forward), but wanted to get some initial feedback as to what to expect on this particular issue...and to see if anyone had any experience with this in the past...
Is interest on a personal loan, used as a deposit for an OTP property, claimable?
My initial thoughts are yes, its for investment purposes and ultimately (I'm unsure if this is a relevant consideration or not...I will be laible for CGT)...
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