What happens with Mortgage interest now? Is it an allowable expense?

The myths of Mortgage Interest - is it allowable? what can you claim? How do you claim it?

In this video you will discover:
Can you claim your mortgage interest?
What about a Company?
What about when you own in your own name?
What do I need to retain in relation to evidence?

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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.

#property #propertytax #propertyinvestment #accountants #taxadvisor #Landlord #propertyinvestor #finance #BTL #HMO #allowableexpenses #shapcottsaccountants #believepropertyltd #mortgageinterest #mortgagerelief #mortgagetaxcredit #financecharges

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[jamesohalloran]

Can you claim the mortgage interest @ 20% plus other expenses such as insurance, mileage etc ?

[johnporcella]

Have you done a video showing how mortgage interest relief can be restricted? This is where we have to look at the lower of Total income less Dividends received OR Property profits, ignoring mortgage interest?

[liam]

you enter in your interest total for the year, and it (hmrc self asses) gives you 20%

[Marc-emfv]

Hello great video. Just to confirm I do Airbnb on an interest only mortgage. So I definitely can claim the full amount for each month not just 20 percent?

Much appreciated

[jeaces]

Hi thanks for your video, really helpful. Can you tell me where can I put the tax credit which is 20% of our mortgage interest rates in the self assessment tax return form please.. Thanks

[andrewdove]

Kimberley, if we set up a BTL limited company and finance it through re-mortgaging our home can I then claim the mortgage interest on the additional borrowing under "Qualifying loans and alternative finance arrangements" and therefore get tax relief in my personal tax return at my marginal tax rate? For example, I borrow £100, 000 at 5% interest as a home remortgage and then lend that to a BTL company that I own in equal shares with my wife. PS Great Videos!

[gauravmajumder]

I thought we can not claim mortgage interest as tax free allowance any more . I am planning to buy a property as primary residence . Can I claim tax benefit

[zohaib.qureshi]

Please keep making these videos. I need advice around DoT and Form 17, how do I get in touch with you? Thanks

[fayefaye]

You videos is very helpful. Can I claim the survey fee as an expense?

[steve]

So where on self assessment can i add my yearly interest

[VLN-hopp]

is the mortgage product fee of BTL on Personal name also allowed for tax relief or its ONLY for Ltd Company?
is the 20% tax relief on mortgage interest also allowed for tax relief on the main resident mortgage?
many thanks !

[markchandler]

Am I being stupid? Where do I put the interest element?

[honestjohn]

So If I understood this correctly for a buy to let on your own name you can claim 20% of the interest of the mortgage payments? This is for an interest only mortgage

[owenaylward]

Do you work alongside mortgage advisors? I am looking for a new accountant who works alongside a Mortgage broker in order to give me the Biggest amount of capital to use against other properties, thanks Owen Through a limited company I forgot to mention