2007-05-15 Beijing
Every tax payer is allowed to enjoy ten times of tax deduction concerning the mortgage interest rate in his/her life time which can be used continuously or at an interval of time, with the maximum reduction amount of HK$100,000 for each year. Tim LUI, a tax partner at Pricewaterhouse Coopers, advises the tax payers to check their mortgage interest rate annually. The payers should know that the interest cost for the first several years is higher, said Tim.
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