Is Interest on Capital Expenditure Deductable Against CGT?
Question I bought a very run down property and spent some time bringing it up to a standard whereby I could rent it. So, in addition to the actual costs can I also claim interest paid on the loan for the original outlay, and then all the works thereafter?
See page PIM2105 on the Revenue Property Income Manual where it says: "interest payable on loans ........ to fund repairs, improvements or alterations, is deductible in computing the profits or losses of the rental business in the same way as other expenses."
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