Capital Gains Tax and Stampy Duty query

has anyone read todays sunday business post,money and markets section,page m6,bottom left of page question of money.in the reply it says "as mortgage interest relief on the investment properties is fully tax deductable,i would not recommend paying off the mortgages". i can only think their talking about section 23 or something,any clues.
 
Haven't read it yet but I take it to mean that mortgage interest is deductible as an expense against rental income on an investment property. This is correct. For example if interest was 10k and rental income was 12k then you only pay income tax on 2k.
 
Hi All,

I am currently selling a property investment after 2.5 years and will have to pay CGT. When calculating CGT you can deduct purchase and selling costs. Can I include in deductions the stamp duty I paid when purchasing ? (which was included in the solicitors invoice)

Thanks
 
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