INTEREST DEDUCTION AND BRIGHT-LINE CONFUSION

As I write this, we are two weeks away from October 1 when interest deductions on residential property lending will be reduced to a 75% claim.

That said, we have still not seen the legislation that will limit the interest deduction, modify the bright-line rules and define the all-important “new build”.

One suspects this may be because the Government is finding it more difficult than it expected to make law that is unfair, workable and equitable.

The initiative will use