M understanding is that a loan if taken specially for the construction of a qualifying asset will be called a qualifying loan whereas if a loan is taken for general purposes then only that portion would be regarded as qualifying loan that is used in the construction of a qualifying asset. ......is this correct or only the loan taken specifically is regarded as qualifying loan?
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Am i right?
12y ago#1You are correct - only the amount of the loan spent on the qualifying asset
Thanks
12y ago#3You're welcome
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