Strict and clear tax rules apply to an owner-occupied home. For example, a loan for an owner-occupied home must meet specific repayment requirements to qualify for interest deduction. However, this interest deduction has been gradually reduced. You may consider making additional repayments, but is that a wise decision? This handbook provides you with essential information regarding the purchase and ownership of an owner-occupied home.

The rules that apply depend on your individual situation. This advisory handbook covers various scenarios.
 

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Published on 21 January 2025

 

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