apportionment of mortgage interest in property investment business

client borrows £450k secured on PPR and spends £350K on buy to let property - interest claimed as 350/450

however when lump sum capital repayment are made, are we allowed to treat the repayments as repaying the £100K personal element rather than apportion between the 2 elements (i.e. business & private)?

 

 

 

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mortgage

Steve Knowles |
Steve Knowles's picture

thanks Steve

nick farrow |