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Aug, 2014

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  1. #1

    Default offsetting early repayment charges against tax

    Hi,
    I'm new to the site so go easy on me !
    I am locked in to a high interest rate mortgage and want to pay back a chunk of it but will incur early repayment charges from the bank. Can I offset this charge against rental income in the same way as I could for the mortgage interest?
    Thanks
    Mark

  2. #2
    Join Date
    Aug 2008
    Posts
    2,530

    Default

    Yes yes yes yes

  3. #3
    Join Date
    Jan 2007
    Posts
    2,229

    Default

    For your reference.
    http://www.hmrc.gov.uk/manuals/bimmanual/bim45820.htm
    Regards Peter

  4. #4

    Default

    Perfect
    Thanks Pete

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