Buy to let landlords and tax relief on loan interest

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  • Buy to let landlords and tax relief on loan interest

    Buy to let landlords and tax relief on loan interest

    Source: Macfarlanes LLP - Investors in buy to let property may be able to claim additional tax relief on mortgage interest following a change in HMRC's interpretation of the rules for deductible business expenses in relation to rental income. Investors who remortgage and take out a larger loan should in the future be able to claim tax relief on the additional interest.

    buy to let rates and buy to let mortgages news

  • Telometer
    replied
    This news is about 5 years old...

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  • TaxationPete
    replied
    Limited by the value of the property when 'First Let' Equity raised outwith that value can not be claimed against that property. Landlords of multiple properties should be aware that the limit is the total value of the properties when first led as the 'business' is treated as a whole. Regards Peter

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