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Interest Income offset by Interest expense

Answer
philip cheung
Posted Tue, 01 Oct 2024 08:13:21 GMT by philip cheung
HI Team, I have interest income from savings but I also have interest expenses from credit cards. Can these be netted? Thanks,
HMRC Admin 20 Response
Posted Wed, 09 Oct 2024 14:50:04 GMT by HMRC Admin 20 Response
Hi,
No, interest paid on credit cards cannot be netted against interest income from savings.  
Thank you.

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