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Mortgage Interest paid on a let property query?

Is the total amount you can claim as an interest expense linked to the total loan outstanding on the property at the point of initial letting or is it capped on the original cost of the house when first purchased?

Thanks for any help

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By ACDWebb
06th Feb 2012 09:21

When first let

as that is the value that is brought into the capital account of the property business when it commences

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