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interest relief on business mortgage - sole trader

sandra471 · 2013-07-15 18:51:48

Hi, do you add back interest on a business mortgage for a sole trader business for tax adjustable profits? the mortgage was taken out in 2005? thanks in advance

15-07-2013 6:51pm

#1

sandra471

Registered Users, Registered Users 2 Posts: 3 ✭

Join Date: July 2013

Posts: 1

Hi,

do you add back interest on a business mortgage for a sole trader business for tax adjustable profits? the mortgage was taken out in 2005?

thanks in advance

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Comments

#2 15-07-2013 7:07pm

Alan Shore

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If the business uses the property in its entirely then there's no add back.

If its a house that they owner lives in then yes.

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