Second home tax reliefMake Text Bigger
Please help me … I am rather confused on this issue.
I have paid off mortgage on my primary residence. I have now bought a second home with a mortgage. I am wondering if I can offset the interest on this mortgage against the rental income from my first home.
Any tax gurus out there?
Also what if I was to convert garage in new home and rent it out.
Would that make any difference?
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