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Rental property mortgages

Posted by andy4151 PM | on Mon, 18/02/2013 - 20:54  3144  48 comments | report

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 | Mon, 18/02/2013 - 21:48

Not always straight forward

Paul Scholes | Mon, 18/02/2013 - 22:30
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Thanks all I will have a read

andy4151 | Tue, 19/02/2013 - 06:35

Rental property mortgages

Martin B | Tue, 19/02/2013 - 13:05

Business premises

law man | Tue, 19/02/2013 - 13:21

The loan will be secured

andy4151 | Tue, 19/02/2013 - 13:56

The purpose of the loan

ACDWebb | Tue, 19/02/2013 - 14:23
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@Martin B

Euan MacLennan | Tue, 19/02/2013 - 14:36
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@Euan/ACDWebb/andy4151

George Attazder | Tue, 19/02/2013 - 14:49
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'Man respondants'

Manchester_man | Tue, 19/02/2013 - 16:07

"Man" respondents

Euan MacLennan | Tue, 19/02/2013 - 16:20
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Do a Balance Sheet

hkfinancials | Tue, 19/02/2013 - 17:18

Arrangement of finances

Paul Scholes | Wed, 20/02/2013 - 07:39
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Timing and destination of funds (and purpose) may be important

BKD | Wed, 20/02/2013 - 08:31
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.

Manchester_man | Wed, 20/02/2013 - 09:13

Let's see if I've got this right

BKD | Wed, 20/02/2013 - 09:36
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.

blok | Wed, 20/02/2013 - 10:19
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Interest on mortage re rental property

Constantly Confused | Mon, 25/02/2013 - 12:06
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Flagging

BKD | Mon, 25/02/2013 - 12:27
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Yes

asking | Mon, 25/02/2013 - 12:41

two points

grahamw11 | Mon, 25/02/2013 - 12:51
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?

BKD | Mon, 25/02/2013 - 13:09
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@grahamw11

BKD | Mon, 25/02/2013 - 13:21
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That was my point too...

George Attazder | Mon, 25/02/2013 - 14:27
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the loan

asking | Mon, 25/02/2013 - 14:38

So...

George Attazder | Mon, 25/02/2013 - 14:54
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Step by step

BKD | Mon, 25/02/2013 - 15:04
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by George I think you

justsotax | Mon, 25/02/2013 - 14:59

Actually BKD...

George Attazder | Mon, 25/02/2013 - 15:00
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borrowing within the business

grahamw11 | Mon, 25/02/2013 - 16:45
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loan is secured on

asking | Mon, 25/02/2013 - 16:59

isn't it just

justsotax | Mon, 25/02/2013 - 17:00

@grahamw11 (originally entitled OFFS)

George Attazder | Mon, 25/02/2013 - 17:16
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It's all very simple, Graham

BKD | Mon, 25/02/2013 - 17:22
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@asking

George Attazder | Mon, 25/02/2013 - 17:21
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business borrowing?

grahamw11 | Mon, 25/02/2013 - 18:30
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Do you mind, George ...

BKD | Mon, 25/02/2013 - 18:40
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funds transfer to a vendor?

grahamw11 | Mon, 25/02/2013 - 18:54
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I despair

BKD | Mon, 25/02/2013 - 19:28
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despair?

asking | Tue, 26/02/2013 - 12:23

No, I do not agree

BKD | Tue, 26/02/2013 - 11:52
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A BTL or residential mortgage

asking | Tue, 26/02/2013 - 12:20

HMRC have created this by calling rental activity a business

Steve Holloway | Tue, 26/02/2013 - 12:39
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Agreement

BKD | Tue, 26/02/2013 - 12:49
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I'm so bored with this thread

George Attazder | Tue, 26/02/2013 - 13:09
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.

blok | Mon, 04/03/2013 - 16:47
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Pinterest

VLH | Mon, 11/03/2013 - 13:55

The answer is no!

VLH | Mon, 11/03/2013 - 13:56