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Posted Tue, 26 Dec 2023 17:32:50 GMT by SF Chan
1. Can I use my mortgage interest expense to offset my interest income from my savings to report NET interest Income? OR 2. Can I use my mortgage interest expense as deductible expense for my rental income on property on mortgage? Thanks
Posted Mon, 08 Jan 2024 13:07:52 GMT by HMRC Admin 5 Response
Hi 

You can only use the rental mortgage interest agains the rental property and it is given as a relief rather than an expense.
On the return you are looking for the question - residential property finance costs.

Thank you

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