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The 2005 controversy came after a related lawsuit settled in 2002 in Texas. That lawsuit, alleging exorbitant late fees, led the company to pay $9.25 million in attorney fees and offer $450 million in late fee refund coupons (which were rent-one get-one-free coupons, and thus required the customer to make an initial expenditure).
The government has increased allocations for the landlord tax deductions by $800 million, from $2.1 billion to $2.9 billion. From 1 April 2024, landlords will be able to write off 80 percent of their mortgage interest on residential investment properties, and 100 percent from 1 April 2025. [99] [100]
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