Cancellation of mortgage costs may be included in home ownership investment deduction
Technical details
Summary
The consultant asks whether mortgage cancellation costs can be included in the home ownership investment deduction. The DGT confirms that yes, provided the legal requirements are met and the costs are properly documented.
In 5 key points
How it affects those involved
Mortgage cancellation expenses can now be included in the home ownership investment deduction, as long as legal conditions are satisfied and documentation is provided.