Clive Smaldon

Not HMRC...yes it does make a difference, in that situation you would be paying too much tax, based on HMRC taxing more state pension than is being received than is actually the case. Speak to HMRC, youll need details of the weekly rate you receive now and if appropriate pre the April 2024 increase. If this is the case you can also ask them to review the previous 4 years.

Not HMRC...Ermmm no, per DTA, employment income (article 14) taxable ONLY in one country unless exercised in the other...so no FTC is available and not liable in UK, if tax resident in Australia and not in UK at the time, Australian earnings wouldnt go anywhere near a UK return unless exercised in UK if that person is not tax resident in the UK...which is what the questioner is indicating the situation would be at that time. n.b. You dont deduct 20% interest, you claim all of the interest paid that relates to the let property, the calculation then gives releif at 20%...however, if you dont have a liability before that tax credit you wont actually get the tax credit at 20% as there would be no tax to set it against.

Not HMRC...you enter the interest paid on the mortgage for the year (not as an expense, as a separate finance cost), the calculation will then give you 20% tax credit (up to the amount of the profit), if unused interest you carry the difference forward.

Not HMRC...Incorrect, depends on the purpose of the additional borrowing. You borrowed £140k to buy the property, what was the additional borrowing of £80k used for? If it wasnt for allowable purposes it cannot be claimed.

Not HMRC....HMRC, incorrect, https://www.gov.uk/government/publications/statement-of-practice-4-1997/statement-of-practice-4-1997, cashback is generally NOT income for an individual