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Posted Tue, 25 Jul 2023 09:40:38 GMT by
Hi, I have renewed the buy to let mortgage and have a loan fees for the mortgage renewal which are added to the mortgage - how do I claim the full amount of the fee incured by having the mortgage against the rental income so I can reinburse the mortgage and how is this added to the self assessment form? Please provide any helpful information on this matter.
Posted Fri, 28 Jul 2023 07:46:29 GMT by HMRC Admin 25 Response
Hi L Smith,
Thank you for your question.
In respect of the fees incurred for the mortgage renewal any fees for loan finance and similar items would be classed as incidental costs and are generally deductible in computing rental business profits.
Please refer to the following guidance:
Property Income Manual
Thank you. 
 

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