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How do I claim mortgage interest tax relief for rental properties?
- Mortgage Interest Deduction: You can claim mortgage interest as an allowable expense against rental income, provided the loan was used to purchase, improve, or repair the rental property. Generally, you can deduct 75% of the mortgage interest, subject to conditions.
- RTB Registration: To qualify for 100% mortgage interest relief, the property must be registered with the Residential Tenancies Board (RTB).
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