BTL is considered a business transaction but my tax isn’t?Make Text Bigger
I would like to pose a question to which I assume there is no correct answer.
How come Section 24 treats me as a private landlord and wishes to totally stop my tax arrangements and what would be considered as a normal business arrangement i.e. to offset my mortgage cost against profits but when I bought my BTL mortgage I was told that BTL mortgages are not regulated by the FCA as they are considered to be a business arrangement.
If my BTL Mortgage is a business arrangement, which is what I wanted when I bought it then why can I assume the business arrangement still exists and run my business accordingly?
Thank you for your time in reading this
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