Residential Property Finance Costs, Box 44

Are the interest payments on the following mortgages allowable to create a tax credit via box 44 to set against profit from letting? Situation 1 Mr A buys a residential property for himself with the help of a mortgage. He then becomes an 'accidental landlord', vacating the property to let it. His mortgage lender grants him permission to let it, while retaining the same mortgage. Situation 2 Ms B buys a residential property for herself with the help of a mortgage. She then becomes an 'accidental landlord', vacating the property to let it. Her mortgage lender will not grant permission to let. So, before letting it, she remortgages with a 'buy to let' mortgage lender.

[Disaply name amended - Admin]

Hi,

Provided the mortgage was taken out for the purpose of purchasing the let property any interest paid on that morgage during the letting period can be claimed.

Thank you.