Can I claim interest payments against CGT?

Brendan Burgess

Brendan Burgess

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Say I buy a site today and sell it after 5 years. There will be no rental income. Can I claim the interest paid on the mortgage used to buy the site when calculating the gain?

Brendan
 
Brendan said:
Say I buy a site today and sell it after 5 years. There will be no rental income. Can I claim the interest paid on the mortgage used to buy the site when calculating the gain?

Brendan
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No such luck. Interest payable is only allowable against rental income.
 
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