Mortgage interest as income acquisition costs

ATA/138/1997Cour de justice / Verwaltungskammer19.02.1997

Von Omnilex extrahiert

Omnilex-Zusammenfassung

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.

Omnilex-Regeste

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).

Gesamter Gesetzestext

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.

Schlagwörter

housingdeterminant incomemortgage interestacquisition costssocial housingproperty income

Von Omnilex extrahiert

Von Omnilex extrahierte Kernrechtsfragen

Kernrechtsfrage

Whether mortgage interest on acquired real estate may be treated as income acquisition costs for determining relevant income.

Extrahierter Entscheid

Mortgage interest may be treated as income acquisition costs only up to the amount of the income produced by the encumbered property.

Extrahierte Begründung

The link between the interest expense and the generation of income is limited by the yield of the property itself; expenses exceeding that yield are not acquisition costs for income determination.

Mortgage interest as income acquisition costsKI-generiert