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  1. 15-03-2012 07:21 AM #1
    markkarsey
    markkarsey is offline Member
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    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
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  2. 15-03-2012 16:55 PM #2
    Telometer
    Telometer is offline Senior Member
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    Default

    Yes yes yes yes
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  3. 16-03-2012 14:17 PM #3
    TaxationPete
    TaxationPete is offline Senior Member
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    For your reference.
    http://www.hmrc.gov.uk/manuals/bimmanual/bim45820.htm
    Regards Peter
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  4. 18-03-2012 09:50 AM #4
    markkarsey
    markkarsey is offline Member
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    Perfect
    Thanks Pete
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