Hi All,
I have borrowed 100k from the bank and plan to enter a loan agreement between myself and the trust where interest is paid at agreed rates which are normal and commercial.
Trust Magic states that the trust can claim the interest as tax deductible. Does anyone know whether I can personal claim the interest as tax deductible?
I have borrowed 100k from the bank and plan to enter a loan agreement between myself and the trust where interest is paid at agreed rates which are normal and commercial.
Trust Magic states that the trust can claim the interest as tax deductible. Does anyone know whether I can personal claim the interest as tax deductible?