cbenhams

Hi, This wasnt really my question. My question is, if I take out a mortgage on a property (originally I purchased in cash) Is the bank mortgage interest tax deductible against the rental income? Thanks,

Hi Property purchase in cash for £500,000 in 2018 Mortgage taken out against the property of £400,000 in 2020 (money put back in my savings) Am I allowed to now declare the interest? Thanks

Thanks but i can move to the accruals basis it seems so long as i meet the criteria, its not like its not an option, correct?

Is there any guidance on this please? Thanks

Hi I want to move from declaring income and expenses on a cash basis to an accrual basis. I started earning rental income in 2019/2020 Can i now move over to accrual basis?

Even when it is a married couple and they are split the income and other expenses?

Hi, I have a couple who purchased a property together and one of them took out a loan in their own name for the property purchase. Can the loan interest be split between the two of them or only the owner who's loan the name is in? Also, does this make a difference if they are not a married couple? Thanks