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Which tax year saw the full implementation of the tax changes that affect how much mortgage interest can be deducted from rental income profit?CorrectIncorrect
Mortgage Interest Relief is a tax credit which can help reduce the amount of income tax that needs to be paid on rental income.CorrectIncorrect
Banks are more likely to lend to Special Purpose Vehicle companies as they are easier to understand.CorrectIncorrect
A single option agreement can be used in situations where a business owner has taken out a critical illness protection policy.CorrectIncorrect
If a shareholding Director provides a Directors Loan to the business: if the Director dies, when is the Directors Loan repayable?CorrectIncorrect
If a cross option agreement is used with a business protection life policy – which parties have an ‘option’ (select all that apply)CorrectIncorrect
Relevant life protection cover can be taken out through a Special Purpose Vehicle company.CorrectIncorrect