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The landlord is also getting the “30% rebate” by claiming interest as a business expense to offset rent revenue.
by votepaunchy 9y ago
The landlord is also getting the “30% rebate” by claiming interest as a business expense to offset rent revenue.
- marvin 9y agoYes, but landlords also pay taxes on profits. As a homeowner, you won't pay tax on the difference between rental cost and your mortgage interest payment.
- kgwgk 9y agoIn some countries you get taxed on the imputed rent (the amount of rent that you would be paying gets added to your taxable income). https://economix.blogs.nytimes.com/2013/09/03/taxing-homeowners-as-if-they-were-landlords/ https://economix.blogs.nytimes.com/2013/09/03/taxing-homeown...
- votepaunchy 9y agoIn the US home sale profits are taxed as capital gains with an exemption based on marital status. It's hard to compare, though, since homeowners are not permitted to write off routine maintenance as would a landlord. Would be interesting to simplify tax codes and handle homeowners as both renter-landlord on their own home.