offsetting early repayment charges against tax

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    offsetting early repayment charges against tax

    Hi,
    I'm new to the site so go easy on me !
    I am locked in to a high interest rate mortgage and want to pay back a chunk of it but will incur early repayment charges from the bank. Can I offset this charge against rental income in the same way as I could for the mortgage interest?
    Thanks
    Mark

    #2
    Yes yes yes yes

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      #3
      For your reference.
      http://www.hmrc.gov.uk/manuals/bimmanual/bim45820.htm
      Regards Peter

      Comment


        #4
        Perfect
        Thanks Pete

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