bec123 S
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RE: Tax relief on buy to let mortgage if you are not receiving 100% of rental income.
Does anyone on the forum maybe know the answer to this as I haven't had a response from HMRC although had answers on posts I submitted after this one. -
RE: beneficial interest transfer stamp duty costs
Thanks they were very helpful and confirmed my situation. -
beneficial interest transfer stamp duty costs
If I was to do a deed of assignment to transfer beneficial interest to my husband at 90% based on the following example, would it be subject to stamp duty as under the £250,000 threshold. Outstanding mortgage on BTL £255k would mean a transfer of £229,500 - am I correct in thinking this transfer of beneficial interest therefore would not result in stamp duty charges? Thanks -
Tax relief on buy to let mortgage if you are not receiving 100% of rental income.
I am sole owner of a property with a but to let mortgage. I understand that using a deed of assignment I can assign a % of the rental income to my husband. If we were to split it 90% to my husband and 10% to myself, can I still claim full the 20% tax relief on my sole mortgage interest payments - or am I only able to claim for 10% of those interest payment? I understand that as my husband is not paying any of the mortgage interest he would not be able to claim any of the tax credit/relief himself. Thanks