Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 11 Nov 2024 12:33:39 GMT by ljplums
Am I entitled to 20% tax relief on the interest of my Buy To Let Repayment Mortgage? I am confused, as I understand that I am, but I have also been advised that it doesn't apply to repayment mortgages?
Posted Tue, 12 Nov 2024 09:24:16 GMT by HMRC Admin 21 Response
Hi,
Thank you for your question.
I can confirm that you are entitled to 20% tax relief on your Buy-to-Let repayment mortgage. This should be claimed at box 44 of your SA tax return property page.
Thank you.
Posted Thu, 14 Nov 2024 18:15:41 GMT by BellaBoo
Hi, Not an Admin but just to help explain, you can only claim a tax reduction for the interest portion of the mortgage. There is no tax relief for the part that repays the capital, only the interest that is given any relief.

You must be signed in to post in this forum.