J jim Registered User Messages 972 5 Jan 2021 #1 Can i deduct mortg int incurred during a period when rental property was vacant? Rented from jan 2020 to june 2020 Vacant from july 2020 to nov 2020 In calculating rental profit am i restricted to only deducting mortg int incurred during period the property was let?
Can i deduct mortg int incurred during a period when rental property was vacant? Rented from jan 2020 to june 2020 Vacant from july 2020 to nov 2020 In calculating rental profit am i restricted to only deducting mortg int incurred during period the property was let?
T torblednam Registered User Messages 961 5 Jan 2021 #2 As long as the property was actually vacant between lettings, and not being occupied / used by you, then the interest is deductible. Last edited: 5 Jan 2021
As long as the property was actually vacant between lettings, and not being occupied / used by you, then the interest is deductible.