Getting my investment back from a rental property

If I buy a rental property for cash but later decide to take out a BTL mortgage to reclaim some of my cash, Is this taxable in any way? Or is it just liked taking back a loan made to a business?

Hi,

 If you are not renting out your UK property you will not need to declare this to HMRC.

Thank you.

Please read question again. It is for a rental property. Cash to be paid up front. Mortgage taken out at some stage in the future. Same amount of cash or less taken back from mortgage amount. Property is not sold, just mortgaged. Do you treat this as a loan repaid or do you see it as profit and therefore taxable?

Hi ,
 

The rental income is taxable.  There could be capital gains if you sell the property for a profit.   Taking out a mortgage is not a taxable event.  Repaying a mortgage and the interest on it, if there is any, is also not taxable .

Thank you .