Sign up to get our free landlord tax strategies


To receive our seven FREE landlord tax saving strategies just simply complete the form below and the first strategy will be emailed to you immediately.

Sign up to get our free landlord tax strategies

Thank You!

Can interest from a main residence be off set against rental income?

View All Questions View Questions From:

Can interest from a main residence be off set against rental income?

Question

Question
My husband took equity out of our main residence twice and used all the money to buy some buy-to-let properties.

So, can the extra interest that he is now paying on his main residence be off set against his tax/income?

James says
1 Provided that the cash from the equity release was used only to acquire the buy to let properties, then the interest on the loan can be set against the rental income. I am assuming that the main residence and the buy to let properties are either both owned by your husband in his sole name, or are both jointly owned - if this is not the case, you need further advice. 

 

Case Study

Landlord Tax Secrets

 

 

Get our SEVEN FREE Landlord Tax Saving Strategies -  

Guaranteed To Slash Your Property Tax Bills!


Click here for more.

 

 

 


Ask a Question