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Related UK Tax Questions
Question: Can we remortgage the investment property, and
Question: Can we remortgage the investment property, and use the funds towards purchasing a new personal residence, whilst still using the interest charge on the mortgage as a tax deduction on the ren… read more
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My wife and I bought a property in her sole name on 18th July
My wife and I bought a property in her sole name on 18th July 2000 which we have used as a second home. The first property was bought for £65,000 by increasing our joint One Account mortgage by that a… read more
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I want to buy a property to rent out. Can I set my own labour
I want to buy a property to rent out. Can I set my own labour against the rent of a property if I have to do any renovation work on it? I am a partly retired teacher and spend the rest of my time doin… read more
taxadvisor.uk
taxadvisor.uk
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I remortgaged our home to buy another property which I rent
I remortgaged our home to buy another property which I rent out. The remortgage was interest only - can I use the interest only payments on the house I remortgaged against the property I let out ?… read more
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I have bought a property that is let out. The finance was raised
I have bought a property that is let out. The finance was raised on two other properties because I wanted to complete quickly on the new property. Can I use the interest I pay on these loans to offset… read more
Tony Tax
Tony Tax
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Hi, I need to ask a question: I will explain my situation
Hi, I need to ask a question: I will explain my situation first: I am currently a normal PAYE on the 40% tax band; I initially lived with my parents and bought their house of them as they were plannin… read more
Tony Tax
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I am about to get an interest only remortgage on my property,
I am about to get an interest only remortgage on my property, the previous mortgage having been paid off, in order to purchase a second house to rent out. Can I set off the interest on this against th… read more
Tony Tax
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With regard to BTL investments why do advisers not suggest
With regard to BTL investments why do advisers not suggest raising finance by way of remortgage on the primary residence, with remortgage rates being cheaper than BTL mortgages? Is there a tax rule th… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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we live in our main home and are contemplating buying out my
we live in our main home and are contemplating buying out my 2 brothers to purchse my mothers house who has just died. If we do this and use a remortgage on our main home to purchase this second home … read more
Sam
Sam
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Higher Officer HMRC
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I want to upgrade our second home to use it as a holiday let.
I want to upgrade our second home to use it as a holiday let. Will the costs of this be tax deductible? If so, are the proposed changes in legislation abolishing this concession? If they are, will I h… read more
Sam
Sam
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Higher Officer HMRC
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if i remortgage my house to buy another for rental can i offset
if i remortgage my house to buy another for rental can i offset the interest as expenses on my tax return… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I bought a house in 2000 for 60000 lived in for 6 years then
I bought a house in 2000 for £60000 lived in for 6 years then rented for 5. It was worth £160000 in 2006 when i moved out but now is worth less @ £150000.( I understand I would not pay CGT for 6years … read more
Tony Tax
Tony Tax
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i am about to purchase a small retirement flat for my eighty
i am about to purchase a small retirement flat for my eighty year old mother using a mortgage in the most part , i wondered if i would be able to use the tax relief on mortgages as a tax break on the … read more
Tony Tax
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High School or GED
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we have bought a second house to rent out. my husband pays
we have bought a second house to rent out. my husband pays tax at the higher rate whilst I pay at the lower rate. Would it be beneficial to put the house in my name- what implications would this have … read more
Tony Tax
Tony Tax
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High School or GED
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I am looking to jointly purchase a Furnished Holiday letting
I am looking to jointly purchase a Furnished Holiday letting property and want to obtain a buy to let mortage as I understand I can claim any loan/mortgage interest against any profit. Do I have to ob… read more
Tony Tax
Tony Tax
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Hi - i am looking at buying a UK property to let as a holiday
Hi - i am looking at buying a UK property to let as a holiday rental. I want to set mortgage interest off against rental income for tax purposes. Are there any limitations on what mortgage i can choos… read more
Tony Tax
Tony Tax
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High School or GED
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I bought a holiday property in 2000 for 72000. This property
I bought a holiday property in 2000 for £72000. This property is now valued around £180000 Since the time of the purchase I have reduced the mortgage to £29,500. I have now remortgaged my home for £15… read more
TEAP007
TEAP007
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Fully Trained Inspector of Taxes B1
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If I remortgage my house and use the cash to buy a buy to
If I remortgage my house and use the cash to buy a "buy to let" property, will I be able to deduct the interest from the rental income of the investment property? thanks… read more
Tony Tax
Tony Tax
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