remortgage fees

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    remortgage fees

    are remortgage fees tax deductable?

    It depends what the remortgage fee was for (and assuming it's a BTL mortgage).
    If the mortgage fee is part of a capital purchase it's allowable against CGT when due, not income.
    If the fee is for a simple re-financing and against a property already part of the business, it's allowable against income (as are the other costs that would normally be capital related, like legal fees etc).
    If you're refinancing to make another asset purchase, it's probably not a revenue expense and is part of that capital transaction, and offset against CGT on disposal.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).


      If the interest is deductible from rental income, so is the fee.


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