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Posted Sat, 23 Jul 2022 17:44:12 GMT by Ewa Kudla
My friend has purchased a new boiler to replacing old one. She has taken finance for this and she is paying monthly payments including capital repayment and interest. Can she claim this interest as expense and monthly payments as well? Or interest is not allowable expense? Could you please advice??
Posted Tue, 26 Jul 2022 12:24:51 GMT by HMRC Admin 10
Hi
Finance costs arising in relation to the maintenance of a rental property (including the purchase of like-for-like replacement items such as boilers) are allowable expenses.
Allowable expenses
Thankyou.
Regards.

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