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Posted Sun, 08 Jan 2023 15:23:05 GMT by Michael Holden
I am completing my self assessment I have one property I rent out which has a buy to let repayment mortgage I understand you cannot claim tax relief on interest payments but a portion of my mortgage payment goes towards reducing the actual amount I owe For example, mortgage payment per month is £ 350 of which £ 200 goes towards interest payment and the remainder £ 150 goes towards reducing the amount I owe. Can I claim this £ 150 x 12 as further expenses when I complete the self assessment
Posted Thu, 12 Jan 2023 14:24:23 GMT by HMRC Admin 5

No, you can only claim the interest.

You can see more information on residential property finance costs here:

UK property notes (2022)

Thank you.

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