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Self Assessment Tax on rented propert
DWKazuya
Posts: 1 Newbie
Hi, just wondering if this has come up before? I rent out my old house and currently have mortgages for that and the house I live in now. The house is worth about £110,000 but I only have a mortgage for £55,000ish, should I look to remortgage that one to the full value, so that I can claim more tax relief for the interest parts of the payments?
Many Thanks for any help!!!
Dave
Many Thanks for any help!!!
Dave
0
Comments
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Doubt you will get 100% LTV on what is effectively a Buy to Let0
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What was the original purchase price? As this determines the amount.
Have you read the new rules as outlined in the July budget? Less allowance is going to be made in offsetting interest against tax. A game changer for many.0
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