Mixed Use Property Mortgage Interest Tax Relief?Make Text Bigger
I’m looking at venturing into the mixed use property market (e.g. shop on ground floor, residential above). Two reasons: No need to pay SDLT if it’s under £150k, even though I own multiple properties. Diversifying my portfolio so all my eggs aren’t in the residential sector.
The property I’m looking at is freehold and is currently leased out as a whole to one person. I believe I will need a commercial mortgage to raise the finance as it’s mixed use? It won’t be held in a Ltd company.
Will I be able to claim mortgage interest tax relief on this as it’s mixed use and not solely residential?
Thanks for reading and look forward to your feedback.
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