Rental property mortgages

If a home is used as principle private residence and subsequently rented out. If a mortgage is secured against the rental property and used to buy a home for the client to live in. Would the resulting interest charges from the mortgage be deductible against tax?

Many thanks

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In essence

Manchester_man |

Not always straight forward

Paul Scholes |
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Thanks all I will have a read

andy4151 |

Rental property mortgages

Martin B |

Business premises

law man |

The loan will be secured

andy4151 |

The purpose of the loan

ACDWebb |
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@Martin B

Euan MacLennan |
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@Euan/ACDWebb/andy4151

George Attazder |
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'Man respondants'

Manchester_man |

"Man" respondents

Euan MacLennan |
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Do a Balance Sheet

hkfinancials |

Arrangement of finances

Paul Scholes |
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Timing and destination of funds (and purpose) may be important

BKD |
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.

Manchester_man |

Let's see if I've got this right

BKD |
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.

blok |
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Interest on mortage re rental property

Constantly Confused |
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Flagging

BKD |
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Yes

asking |

two points

grahamw11 |
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?

BKD |
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@grahamw11

BKD |
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That was my point too...

George Attazder |
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the loan

asking |

So...

George Attazder |
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Step by step

BKD |
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by George I think you

justsotax |

Actually BKD...

George Attazder |
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borrowing within the business

grahamw11 |
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loan is secured on

asking |

isn't it just

justsotax |

@grahamw11 (originally entitled OFFS)

George Attazder |
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It's all very simple, Graham

BKD |
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@asking

George Attazder |
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business borrowing?

grahamw11 |
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Do you mind, George ...

BKD |
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funds transfer to a vendor?

grahamw11 |
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I despair

BKD |
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despair?

asking |

No, I do not agree

BKD |
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A BTL or residentialĀ mortgage

asking |

HMRC have created this by calling rental activity a business

Steve Holloway |
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Agreement

BKD |
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I'm so bored with this thread

George Attazder |
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.

blok |
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Pinterest

VLH |

The answer is no!

VLH |