Thursday, July 31, 2008

Tax deductions for investment loans

Question:

Does your software take into consideration the tax deductibility of investment loans (i.e. do we have the option to make a loan deductible or non-deductible)?

Answer:

No it does not. This is a refinement we plan to bring to version 3.

On a related note, we plan to introduce in the future a Web-based application for advisors to illustrate investment loan strategies, such as the one referred to by many as the "Smith Manoeuvre".