BTL is considered a business transaction but my tax isn’t?

Readers Question - Published on 16/02/2017
View Member Profile

I would like to pose a question to which I assume there is no correct answer.hypocrisy

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





Profile has been updated! Click here to view


Share with your friends?

Please share this article via one or more of the following social networks

facebooktwittergoogle_plusredditlinkedin ×

Sorry. You must be logged in to view this form.