BTL Early Repayment Charge  Allowable Expense?

BTL Early Repayment Charge Allowable Expense?

10:00 AM, 25th November 2016, About 5 years ago 13

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Apologies if this question has already asked but I am struggling to find clarity on the .Gov website.ERC

I am considering remortgaging a buy to let property which is currently still within its fixed term, doing so will incur an early repayment charge of £4k. Does anybody know if this early repayment fee is an allowable expense…note the early repayment charge will be incurred purely for refinancing purposes and will continue to be let with its current tenants.

Thanks.

Gary



Comments

by Tina O'Connor

17:06 PM, 21st February 2017, About 5 years ago

Reply to the comment left by "Tina O'Connor" at "21/02/2017 - 12:37":

Hi Michael

I didn't mean to sound facetious.

I'm genuinely looking for an accountant and I live in your part of the world.

Thank you

Tina

by Michael Barnes

17:27 PM, 22nd February 2017, About 5 years ago

Reply to the comment left by "Tina O'Connor" at "21/02/2017 - 17:06":

Sorry, I don't use an accountant. I studied accountancy at college and keep up to date with tax changes, so do it myself.

by Tina O'Connor

19:36 PM, 22nd February 2017, About 5 years ago

Reply to the comment left by "Michael Barnes" at "22/02/2017 - 17:27":

That's very good. I understand. Thank you for responding.

Tina


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