swinstan Suewin

Please read question again. It is for a rental property. Cash to be paid up front. Mortgage taken out at some stage in the future. Same amount of cash or less taken back from mortgage amount. Property is not sold, just mortgaged. Do you treat this as a loan repaid or do you see it as profit and therefore taxable?

If I buy a rental property for cash but later decide to take out a BTL mortgage to reclaim some of my cash, Is this taxable in any way? Or is it just liked taking back a loan made to a business?