15 November 2007 External T.I. 2007-0254941E5 - Interest Deductibility - Second Loan -- summary under Paragraph 20(1)(c)

Where a taxpayer borrows money in order to acquire shares of a corporation and then borrows under a second loan to pay the interest under the first loan, the interest on the second loan will be deductible if the interest on the first loan was deductible.

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d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
307668
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
343347
Extra import data
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