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Tax deducting upfront mortgage fees


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Hi everyone,

Would appreciate your expert advice please. I need to remortgage two properties. One which is held in my personal name and another which is held in my limited company. A factor in mortgage rates is if they have an upfront fee and how much it is. I'm looking to understand if mortgage upfront fees are tax deductible as an expense for:

1) BTL mortgages held in personal name

2) Limited company BTL mortgages

Can anyone help with this? Additionally, would be great if you could also point me to the government literature / webpage which details the policy surrounding this.

Thanks a million!

Darren

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Hi Darren

https://www.gov.uk/guidance/income-tax-when-you-rent-out-a-property-working-out-your-rental-income#how-to-calculate-your-taxable-rental-profits

There you are.

Not sure about the limited company one, but I'm sure with a bit of digging you'll find it yourself.

Conrad

Conrad Paton

+44 7957 959851

conradpaton@yahoo.co.uk

https://www.linkedin.com/in/conrad-paton-424446110

 

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