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What are the deductions from the annual value?

April 26, 2017annual deductions value

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What are the deductions from the annual value?

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No deduction is available from the net annual value of a self-occupied house property, since the net annual value of a self-occupied house property works out to be ‘nil’. The only exception is in the case of interest payments on borrowed capital. Finance Bill 2001 seeks to replace section 24 (which deals with deductions from the net annual value of a house property) with a new section.