Say I buy a house on 1000m2 for 500k with 400k loan and rent it out. Then I subdivide it into a house on 450m2 and 550m2 land. Say the land will be vacant for few years before I build a house on it.
1. Can I still claim all the interest paid for the 400k loan as tax deductions?
2. Once there are two titles, do I have to change the bank loan as well?
1. Can I still claim all the interest paid for the 400k loan as tax deductions?
2. Once there are two titles, do I have to change the bank loan as well?