Disclaimer: These calculations are intended to provide indicative results only which do not constitute financial advice.
DEFERRALS OF INTEREST DUE TO COVID-19
Many borrowers with investment property loans have recently been able to defer repayments. Interest expenses on these loans, including compound interest, will generally be deductible if the borrowed funds are used for income producing purposes. However, any "penalty interest" that may have been incurred is not "in the nature of interest" and may not be deductible.
Disclaimer: These calculations are intended to provide indicative results only which do not constitute financial advice.
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