November 11, 2017 in Introduce yourself
Hi - I have exactly the same dilemma (I've posted the question today) as you outline at the beginning above. Namely, if I remortgage by own house and use the proceeds to buy a FHL, can I offset the interest against the FHL income for tax? I was wondering - did you ever find out the answer? Hope you managed to get your FHL, by the way! Thanks, David
Hi again. In case anyone is interested: I called HMRC with this question, and their answer was a categoric Yes - as long as it is clear the funds raised were spent on the FHL, then the interest is off-settable.
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