FactsFacts identical to for the Circumstance 9 except that Mr A good disposed of one’s very first dwelling into step 1.eight.2023 which the guy bought the second dwelling to the step one.six.2023 ( in the place of step one.eight.2023 ). The interest paid off on the second dwelling while in the step 1.6.2023 so you’re able to 31.3.2024 amounted so you’re able to $70,000. The guy continued to reside in the first hold up until 29.6.2023. Mr A says the latest aggregate notice paid off regarding $100,000.
As to what next mortgage attention away from $70,000, it is considered practical on items of the situation in order to succeed that the main focus repaid relating to the period from 1.eight.2023 to help you 31.step 3.2024 merely —- parts 26E(3)(b) and you may 26E(4)(b). (more…)