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Is mortgage broker fee tax deductible?
Comments
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jumperabv3 said:Now I noticed I received my mortgage in March 2020 so it was before April 2020 - so if I already filed taxes for 2020 then I can't include this expense when I file taxes for 2021? (I haven't exchanged/completed yet but should be done very shortly and only then I'd start getting rental income).
So any ideas if I can use it or not?You can claim it but only when your rental business commences.
You claim "Pre letting expenses" as if they were incurred on the day of commencement.
Therefore there is no need to amend your 2019/20 Self Assessment.
https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2505
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Thanks!jimmo said:You can claim it but only when your rental business commences.
You claim "Pre letting expenses" as if they were incurred on the day of commencement.
Therefore there is no need to amend your 2019/20 Self Assessment.
https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2505
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