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Can I claim interest relief if not on buy to let rate?

lightspeed · 2023-06-29 18:49:53

Well I'm planning on moving into my Dad's house and renting out my own. Im wondering if I don't notify the bank to change to a buy to let rate, can I still deduct mortgage interest rate as a tax deductible expense?

29-06-2023 6:49pm

#1

lightspeed

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Well I'm planning on moving into my Dad's house and renting out my own.
Im wondering if I don't notify the bank to change to a buy to let rate, can I still deduct mortgage interest rate as a tax deductible expense?

Post edited by L1011 on June 2023

0

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#2 29-06-2023 8:17pm

3DataModem

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Yes, of course.

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#3 29-06-2023 8:40pm

L1011

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It would be very inadvisable not to inform your bank of a change in circumstances, and indeed it may be a breach of contract.

3

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