Principal residence but BTL mortgage: tax consequences?

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    Principal residence but BTL mortgage: tax consequences?

    If you live in your property as main residence which has a BTL mortgage are there any implications in terms of tax?

    #2
    Not normally.
    The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

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      #3
      The BTL mortgages I have used don't allow you to live there. Perhaps double check if you can.

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        #4
        Originally posted by Handson View Post
        If you live in your property as main residence which has a BTL mortgage are there any implications in terms of tax?
        Well, it wouldnt be a rental business you you couldnt claim tax relief for your interest payments. Is that what you were getting at?

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          #5
          Originally posted by Paul_f View Post
          Not normally.
          ... or even, I should be so bold as to suggest, "never"!

          (Unless OP means that in order to buy his BTL property he secured the loan on his home?)

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