Nov

Exception to the s24 Tenant Tax loophole?

admin

I have just been looking at the wording of the s24 legislation (Tenant Tax) and I noticed that one of the sub-sections state:

(4)An amount borrowed for purposes of a property business is not a dwelling-related loan so far as the amount is referable (on a just and reasonable apportionment) to so much of the property business as consists of the commercial letting of furnished holiday accommodation.

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