Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Dutch cities want to ban property investors in all neighborhoods. Parent comment
You can no longer claim a mortgage as an 'expense' when calculating your profits.
That's not how it works for other companies, loan repayments are not classified as an expense to reduce your profits.
So now they have to pay the same tax rate as other businesses, where before they were getting a huge tax break.
There are no comments on this comment yet.
You can no longer claim a mortgage as an 'expense' when calculating your profits.
That's not how it works for other companies, loan repayments are not classified as an expense to reduce your profits.
So now they have to pay the same tax rate as other businesses, where before they were getting a huge tax break.