Mortgage Interest

Mortgage Interest

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A client has remortgaged his home in order to raise the deposit for a buy-to-let property.  Is a proportion of the interest on this home mortgage allowable against his rental income?

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By awoodj
21st Nov 2014 13:04

Yes

The amount used for the investment property is, if there is a surplus and he goes off and spends that on something else like a car then that part is not.

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