2 ms·
How does that 1.89% work with mortgages? Do I pay that tax on the amount I have currently returned to the bank or on the full property?
by heavenlyblue 7y ago
How does that 1.89% work with mortgages?
Do I pay that tax on the amount I have currently returned to the bank or on the full property?
- pjc50 7y agoI can't speak for the American system, but as I would propose for the UK it would work like council tax, assessed on the value that you own - which is the full value of the property. We kind of gave up on tax subsidies for mortgage borrowers with MIRAS.