Interest deductable on holiday let mortgage ?

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    Interest deductable on holiday let mortgage ?

    I know from April 2016 you can not no longer claim mortgage interest back on rental home income under your tax relief but does this apply to holiday let mortgages ?

    I heard its different ?

    Thank you for any information

    #2
    Originally posted by 5urrey View Post
    I know from April 2016 you can not no longer claim mortgage interest back on rental home income under your tax relief but does this apply to holiday let mortgages ?
    That is not correct.
    It will be restricted, and the restriction is being phased in over several years.

    That restriction does not apply to holiday lets.
    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).

    Comment


      #3
      Originally posted by jpkeates View Post
      That is not correct.
      It will be restricted, and the restriction is being phased in over several years.

      That restriction does not apply to holiday lets.

      Oh

      So you can still claim the interest as a deductible expense from April 2016 onward still on a residential let ?

      And holiday let mortgage interest is a deductible expense regardless

      Thats good to know

      Thank you

      Comment

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