We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self Assessment and Mortgage Reserve query
Qedis
Posts: 10 Forumite
HI,
I'm filling in my first Self Assessment and need advice on the following;
I have one property, and bought a second property using only the mortgage reserve from my first property. My monthly repayments now cover both properties, with the second one let out since I bought it (I live in the first one).
My question is:
- for the SA, how do I work out the interest on the second property?
Thanks in advance.
I'm filling in my first Self Assessment and need advice on the following;
I have one property, and bought a second property using only the mortgage reserve from my first property. My monthly repayments now cover both properties, with the second one let out since I bought it (I live in the first one).
My question is:
- for the SA, how do I work out the interest on the second property?
Thanks in advance.
0
Comments
-
You are on the wrong forum.
This tax advice, a question for an Accountant.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
