Rental Income - mortgage early repayment charge

Rental Income - mortgage early repayment charge

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Is it allowable?

I assume it is - just checking

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By cathygrimmer
09th Jul 2011 09:23

Probably

A break charge is usually allowable as incidental costs of loan finance- unless it could be classified as a premium. See here:

http://www.hmrc.gov.uk/manuals/bimmanual/BIM45820.htm

Cathy

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By pushtheriver
11th Jul 2011 09:11

Thank you

Thanks Cathy

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