Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
My husband and I have a life-assurance policy to cover our buy-to-let mortgages in the event of the unthinkable. The amount it will pay out each year decreases with the decreasing debt as it is reduced through capital repayment mortgages. We pay monthly premiums for this.
Are the premiums we pay for the cover an ‘allowable expense’ to be offset from any rental income?
Common-sense tells me it should be (it doesn’t cover any personal debt).
Anyone know the answer to this?
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