Property tax favours investors?

To add to the letter “Make property tax fairer” (July 13), it seems that the law favours property investment to owner occupation.

Mortgage interest and expenses for repairs and maintenance can be used to offset tax paid on rental income, while no such benefit exists for owner-occupiers in their property tax.

From Preeti Athavle

Source : Today – 2012 Jul 30

Advertisement

Comments are closed.