protection for the weathly

Discussion in 'Economics' started by morganist, Nov 24, 2008.

  1. i thought that you might be interested in this. it is an article that is about property investment tax relief and the fact that it is not allowed for people who only own one home. it could be argued that it is aimed to allow investment for small businesses but it is a great way for the rich to protect their assets they can even make money if they use the suggestion of pension investment half way down.

    anyway what do you think?

    http://business.scotsman.com/personal-finance/Tax-Matters-Mortgage-interest-tax.4651051.jp

    note that this in england so it will not apply to all of you but usa is often the same it might be worth looking out for law like this coming out to protect the wealthy and in a way that the poor do not know about it.
     
  2. Thanks morganist! Whether in the UK or the US - it is strange - it "pays" to be in debt...had you bought cash you are "f'ed." Just my two pence, errr, uum cents ;-)