Tax relief on semi commercial property interest

Tax relief on semi commercial property interest

Didn't find your answer?

I am having trouble finding out whether all the interest paid on a semi-commercial property doesn't need to be restricted or whether the loan needs to be split between the commercial and residential portion and part of the interest restricted.

Replies (3)

Please login or register to join the discussion.

avatar
By Tax Dragon
16th Jan 2019 13:38

You're looking at s272A, yes? Try turning the page.

[I apologise for the way my slightly odd mood is expressing itself today. Nothing personal.]

Thanks (1)
avatar
By brian-scholar
16th Jan 2019 15:36

That's ok Tax Dragon and thanks. If I understand the wording correctly, a loan taken out to buy a property which consists of offices and residential in the same building, the interest on the loan will be apportioned as is 'just and equitable'.

Have I got that right?

Thanks (0)
Replying to brian-scholar:
avatar
By Tax Dragon
16th Jan 2019 18:23

"Just and reasonable" - a well-worn legislative phrase that I reckon could be interpreted in a similar way in this new setting as it is in older ones.

Thanks (0)