I am buying a new IP and plan to pay my increasing Solicitors fees with an separate I/O loan used only for the investment property as I would find it hard to pay from my wage.
Question is this alright to add this to the Loan and do a tax claim on the interest paid on the IP? Would i be tarnishing the IP loan and it deductability? I heard the Solicitors fees are tax deductable, over a seven year period? Please advise
Question is this alright to add this to the Loan and do a tax claim on the interest paid on the IP? Would i be tarnishing the IP loan and it deductability? I heard the Solicitors fees are tax deductable, over a seven year period? Please advise