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Mortgage Interest of Home deduction

mcwongaa
Posted Wed, 17 May 2023 12:34:04 GMT by mcwongaa
I want to buy a House using mortgage which will be my residential home Do the home loan interest eligible for tax deduction at basic rate(20%)? Thanks
HMRC Admin 5
Posted Tue, 23 May 2023 15:36:33 GMT by HMRC Admin 5
Hi,

No. Tax relief is only due if you let/rent out a property and is not allowed on your own home.

Thank you.

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