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apportionment of mortgage interest in property investment business

apportionment of mortgage interest in property...

client borrows £450k secured on PPR and spends £350K on buy to let property - interest claimed as 350/450

however when lump sum capital repayment are made, are we allowed to treat the repayments as repaying the £100K personal element rather than apportion between the 2 elements (i.e. business & private)?


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13th May 2011 15:14


No reason not to -  the outstanding loan then equates to the original cost of the BTL, so all interest from then on would be allowable

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13th May 2011 16:15

thanks Steve

that was my view

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