Buy to let landlords and tax relief on loan interest

Investors in buy to let property may be able to claim additional tax relief on mortgage interest following a change in HMRC's interpretation of the rules for deductible business expenses in relation to rental income. Investors who remortgage and take out a larger loan should in the future be able to claim tax relief on the additional interest. Previously HMRC would only allow interest relief on
the additional interest if the loan of further sums was for improving property.

Click below to read the full free article.