This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.
Decline Settings Accept
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Marketing

A bit of data which remembers the affiliate who forwarded a user to our site and recognises orders from those who become customers through that affiliate.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Enrol now on the free landlord tax strategies course


To enrol in the 7 tax saving strategies email course complete the form below. The first module will be emailed to you immediately.

Enrol now on the free landlord tax strategies course

Thank You!

Free Tax Saving Strategies Course
The seven FREE property tax busting strategies course reveals the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions
« Previous Question Next Question »

Can I offset interest payments?

Question
I own a flat which I let out to third party tenants. I took out a specific loan to purchase the flat which is completely separate from the loan I have on the property that I live in.  Please can you confirm that the interest payments can be used in full to offset the rental income in my annual tax calculation?

Arthur Weller replies:
The interest on the specific loan you to took out to purchase the flat which you let out is an allowable expense and the full amounts can be used to offset the rental income. Seewww.hmrc.gov.uk/manuals/pimmanual/PIM2105.htm.

Property Tax Insider This sample question and answer is taken from Property Tax Insider, a monthly UK tax saving magazine for landlords and property investors.

The first issue is free so click here to try today!

« Previous Question Next Question »

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question