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How mortgage interest repayments aren’t tax deductible is beyond me as well.
Don't really understand why they should be. Would only make sense as an offset against the in-kind imputed rental income you receive from living in the dwelling.... but that's a net tax increase for mortgaged homeowners (before we even get to capital gains).
NickCJ
c00ps
If anything it should be the under 30s that don’t pay tax. How mortgage interest repayments for primary residence isn’t tax deductible is beyond me as well.