Tax relief on loan when buying off-plan
8:34 AM, 14th July 2015, 11 years ago
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If I have an existing rental business and I purchased a property off plan to add to my portfolio, with exchange in year 1 and completion in year 4.
Can I claim interest on a loan to fund the deposit paid in year 1? If so, do I claim in year 1 (after exchange) or not until completion in year 4 when the property is first let?
Many thanks
Latic
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8:36 AM, 14th July 2015, About 11 years ago
Hi Latic,
How did you borrow the money? Was it from your existing portfolio?
Comments: 1
8:48 AM, 14th July 2015, About 11 years ago
Thanks for your reply. It was from an unsecured loan.