Apr 24 2011, 03:12 PM
QUOTE(naleh33 @ Apr 23 2011, 10:53 AM)
10K is the maximum tax relief limit. If you were to claim 10K tax relief for the 1st year during under-cons, it means your property value is very high that it needs you to pay 10K of interest.
My Sales and Purchase Agreement and Deed of Mutual Covenants are dated 28 Dec 2010. So does that bring any difference for the 10k tax relief?I think we cant claim anything since we are not paying any progressive interest at this moment. It's all under DIBS package.
Added on April 24, 2011, 3:14 pmAnd btw, I went to the law firm to get these 2 documents last 2 weeks, and the letterhead by the law firm shows that it was done in middle january 2011.
This post has been edited by v33n: Apr 24 2011, 03:14 PM
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