Tax deductibility of a loan

I have taken a small loan to refurbish a buy to let property, held in my name (not under a company) - is interest on the loan 100% deductible or just 20% deduction allowed?

Hi,
The following guidance confirms thst as long as the loan taken out is wholly and exclusively used for the rental business, this would be an allowable expense and would be declared in the “Loan interest and other financial costs” box.
PIM2010 - Deductions: general rules: applying the wholly & exclusively rule  
Thank you.

Thank you - but my question is, is it 100% allowable / deductible expanse, or just 20% (similarly to mortgage - only 20% being allowable expanse)?

Hi,
Tax relief would be given on 20% of the interest paid similar to mortgage interest.
Thank you.