projects
ATA/138/1997 ΓÇó Mortgage interest as income acquisition costs
ATA/138/1997Court of Justice / Administrative ChamberFeb 19, 1997
The decision addresses the calculation of determining income in the context of social housing charges. It holds that when a person acquires real estate, mortgage interest cannot be counted as income acquisition costs beyond the income generated by the encumbered property. The deductible amount is therefore capped by the property's own yield. No further procedural details are available from the provided material.
RLGL 11; determining income and acquisition costs in social housing matters; mortgage interest linked to acquired real estate is deductible as income acquisition costs only insofar as it corresponds to the yield produced by the property encumbered by the mortgage. Interest exceeding that yield lacks the necessary nexus to income acquisition and cannot reduce the relevant income (consid. not available).
Descripteurs
LOGEMENT; REVENU DETERMINANT; SURTAXE; LOGEMENT SOCIAL; IEA
Normes
RLGL.11
Résumé
Revenu déterminant. Acquisition d'un bien immobilier. Les intérêts hypothécaires ne peuvent être considérés comme des frais d'acquisition du revenu qu'à concurrence du produit de l'immeuble qu'ils grèvent.