Interest relief on rented property

Interest relief on rented property

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I read in the Toriegraph over the weekend that the Inland Revenue appear to have changed their view on the tax deductibility of mortgage increases against rental income.

"Property investors who re-mortgage and take out a bigger loan should in future be able to claim relief on the additional interest"

I am well aware of the existing rules regarding borrowing for improvements etc..., but what's promoted the change indicated by that article?

Has there been a recent case?

James

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By AnonymousUser
28th Sep 2004 15:04
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