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 Personal relief Income tax, legally, reduce income tax

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cdtavijit
post May 7 2012, 07:50 AM

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22 posts

Joined: Aug 2005
From: Brisbane, Australia


Hi Everyone,
Can I ask a question regarding Interest on housing loan under Tax Release?

It says, "Interest on housing loan (must meet eligibility requirements) Sale and purchase agreements signed during the period 10/03/2009 - 31/12/2010 Interest on housing loan (Conditions for eligibility to claim must be fulfilled) The sale and purchase agreement has been Executed within 10/03/2009 - 31/12/2010"

Now, I signed my S&P agreement in 2011, so does that mean I cant put it this year?

Sorry for asking an obvious question but just wanted to be very sure before I submit.

Thank you for your help

cdtavijit
post May 7 2012, 07:39 PM

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Junior Member
22 posts

Joined: Aug 2005
From: Brisbane, Australia


QUOTE(wongmunkeong @ May 7 2012, 09:07 AM)
Your S&P (Sales and Purchase) agreement - was it signed as per IRB's rules U shared and other T&Cs?
If it does not, which it obviously doesn't, then your housing loan does not qualify for this particular item.

Of course if your house was rented out, different item to knock-off mortgage interest then, IF lar  sweat.gif
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Thanks so much.
No, it was not rented out. Because we stay there haha.
Yes I guess that means cant put.

Thank you so much again.

 

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