Interest on a credit card

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    Interest on a credit card

    If you put all your allowable expenses on a credit card for the year. Is the interest on the card a revenue expense ?

    #2
    Yes it is an allowable expense.

    Comment


      #3
      Claymore is indeed correct but a word of caution , keep your statements and ensure that the Credit Cards do not contain items unrelated to your property expenses on which interest is being charged just in case HMRC start querying such matters.

      Comment


        #4
        It is an allowable expense but it is subject to the same restrictions as interests on mortgages now are.

        Comment

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