Homes in the upscale US Hamptons area. Buyers are already taking steps to minimise risk from a US government plan to scrap mortgage relief on second homes. Photo: Bloomberg
Homes in the upscale US Hamptons area. Buyers are already taking steps to minimise risk from a US government plan to scrap mortgage relief on second homes. Photo: Bloomberg

US government tax plan no worry for property buyers in upscale Hamptons area

The government is considering taking away mortgage-interest deductions for second homes, but buyers are preparing by turning their holiday homes into investment property

Homes in the upscale US Hamptons area. Buyers are already taking steps to minimise risk from a US government plan to scrap mortgage relief on second homes. Photo: Bloomberg
Homes in the upscale US Hamptons area. Buyers are already taking steps to minimise risk from a US government plan to scrap mortgage relief on second homes. Photo: Bloomberg
READ FULL ARTICLE