A Proposal for a Mortgage Interest Deduction
Allowing a tax deduction for mortgage interest could significantly reduce the cost of home ownership. For example, a deduction for the interest on a 25-year mortgage of 1M NIS at a fixed 4% interest could provide up to 300,000 NIS discount over the life of the mortgage.
An article by Omri Davidov (Adv. and CPA), from our Firm’s tax department
For the full article published at “Globes” (Hebrew), please click here.
