@Tarvold corporates add up their gross incomes and then take away the costs and pay tax on the net amount. individuals add up their gross incomes and then take away the costs and pay tax on the net amount.
the costs of a loan that is used for income producing purposes can currently be used to offset revenue by both corporates and individuals in a similar way to reduce tax paid.
you propose that only the individual taxpayer not be allowed to offset the loan costs of an "existing residential property" when a corporate taxpayer can still get the full deductions for that identical loan.
i would not support that proposal on the basis of fairness and equity.
