Council tax and mortgage interest on empty property for over 15 months?Make Text Bigger
Hi and Happy New year to all. I am currently completing my tax return for 2019/2020, and I need a bit of advice, please.
I have 3 Properties on BTL on my sole name (I own 1 from 3 years ago currently let by the same tenant since the start of the business), and I have owned the other two since May 2019. These 2 properties have been void/empty due to renovation work then Covid-19 for around 12-15 months, however, both have been let now (1 let in June 2020 and the other one in December 2020)
My question here is for these two properties for the tax year 2019/2020 I paid a full year council tax and mortgage interest while the work is ongoing then delayed as well due to Covid-19, would I be able to deduct the council tax and the mortgage interest for the two properties for this period on my tax return as allowable expenses.
Thanks in advance.
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