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UK Property Tax Portal
UK Property Tax Q&ACan I offset a loan from my husband against my rental income?Can I offset a loan from my husband against my rental income?
Question
My husband is prepared to loan me money for a buy-to-let property. Can I offset the interest of this loan from the rental income? Arthur Says: Yes you can offset the interest of this loan from the rental income. However, since the loan is from a connected person, I would strongly advise you to draw up proper paperwork before the loan starts, showing a legitimate, authentic loan agreement. And ensure that the interest payments go from a bank account in your own name into a bank account in your husband's name, so that you can prove that the payments actually took place, should the Revenue question you. (See pages IHTM28321-3 from the Revenue manuals, on the HMRC website.)
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