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- Buy to let properties
- Specialised professions
- Rent a room relief
- Amending tax return
- Class 2 NICs
Buy to let properties
Martin enquired, on 25 July 2006 (157594), whether tax relief on mortgage interest would be available if the purchase of a buy to let property was financed by remortgaging his home. Also, as he is a higher rate taxpayer, do profits have to be divided 50:50 between himself and his wife?
A number of respondents replied to this query. David Lochhead had stated, correctly, that it was the purposes of the borrowing that determined whether tax relief would be available on mortgage interest. Buy to let,...