Section 24 treatment for financing EPC upgrades?
Hi everyone, I was just thinking as a property investor renting out properties about being faced with the high costs of upgrading to meet minimum future energy efficiency standards (EPC).
We are being led to understand we will need to carry out improvements by a certain date.
However, in order to finance these costs I am thinking of approaching a lender for a loan, but how would the interest charged on a loan be treated for tax purposes ie non-allowable or with a basic rate deduction like interest on a mortgage under section 24??
Many thanks
DC
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
Frequency of property inspections?
Member Since May 2018 - Comments: 2037
11:56 AM, 20th June 2022, About 4 years ago
Reply to the comment left by Jessie Jones at 18/06/2022 – 09:13
I agree with this. But I’ve already identified that with the price of fuel gas going up the cheapest thing I can do is to replace the current solid fuel stove with a more efficient stove that can burn both wood and coal; and then buy a load of coal.
So I may not end up doing nothing because there’s plenty of competition in supply when you are buying solid fuels.