OK, this seems like a silly question but I cant seem to find a clear answer.
When purchasing an IP which purchase cost are payable with borrowed money so the interest on said money is tax deductable?
Purchase price obviously, but what about things like stamp duty, BA fees, conveyancer fees, B&P inspection cost, mortgage insurance?
When purchasing an IP which purchase cost are payable with borrowed money so the interest on said money is tax deductable?
Purchase price obviously, but what about things like stamp duty, BA fees, conveyancer fees, B&P inspection cost, mortgage insurance?