check with your acountant first but if you can clearly show that...

  1. 688 Posts.
    check with your acountant first but if you can clearly show that the additional 'home loan' was used for business purposes the interest and charges should be fully deductible for taxation purposes.
    The tax man really could not care what the loan is called as long as you can show it was genuinely used in your business.
 
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