So I have a query on whether you can claim tax relief on remortgaging your house and then invest this into a limited company.
Client has read about this online somewhere. Any ideas what he may be refering to?
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Client has read about this online somewhere. Any ideas what he may be refering to?
If you want to PM me his details, I'll ask him for you.
Then he is probably right then isn’t he - unless he thinks that taking out the borrowing only in order to obtain tax relief on the interest is a good idea. He will be better off just not paying the interest. There has to be a business reason for the company to need the money for the plan to make sense.
I believe you might be referring to interest on a qualifying loans - in which case helpsheet HS340 might assist you.