Buying first home auction: ok to deduct interest payments on loans
by admin on 17/03/09 at 4:50 pm
Unleashing the deduction of interest paid on the loan to buy the first house, bought by the award of public auction and illegal occupied by the owner, even if used for habitation beyond the main period of one year from date thereof.
Provided that the action of the Executive Judge for the issue of enforcement is enabled by three months by order of transfer and use as the main dwelling so within the next year.
This is a situation similar to the purchase of a property leased, as has also defined a resolution ‘of the Revenue Agency of October 14 last year, stipulating that if the house bought at auction is still unduly busy, you the rules governing the lease of property, with a deduction of 19% it is only if, within three months after purchase, it shall notify the tenant of the Act notice of eviction or license for end.
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