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Capital Gains Tax
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christoph
Posts: 6 Forumite
in Cutting tax
I bought a second house as an investment a year ago by mortgaging my home which was up until then mortgage free.
My question is: can I set the interest I have paid on that mortgage against the CGT I will have to pay when I sell the second property.
My question is: can I set the interest I have paid on that mortgage against the CGT I will have to pay when I sell the second property.
0
Comments
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no you can't, but you can offset the interest against rental income0
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Thanks Clapton, thats what I thought0
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