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Posted Mon, 25 Nov 2024 16:01:35 GMT by Celia Hung
My property is currently on a BTL (Buy-to-Let) mortgage. Can I claim the mortgage interest as an expense against the rental income? It is a residential property. Thank you.
Posted Tue, 26 Nov 2024 14:31:59 GMT by HMRC Admin 17 Response

Hi ,
 
Thanks for your question.

Yes, you may claim mortgage interest to offset against rental income, which shall be restricted to the basic rate as per the following link:

Tax relief for residential landlords: how it's worked out  .

Thank you .

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