P pcocp Registered User Messages 144 19 Apr 2010 #1 I assume that if I move out of a house I own, am paying a mortgage on and in receipt of TRS mortgage interest relief, then I will no longer be entitled to the TRS mortgage relief if I rent the house to someone else? Thanks in advance, PCOCP.
I assume that if I move out of a house I own, am paying a mortgage on and in receipt of TRS mortgage interest relief, then I will no longer be entitled to the TRS mortgage relief if I rent the house to someone else? Thanks in advance, PCOCP.
M Mad Bad Babs Registered User Messages 16 19 Apr 2010 #2 PCOPC Yes you are right..You can only claim mortgage interest relief (TRS)on your sole or main residence.
PCOPC Yes you are right..You can only claim mortgage interest relief (TRS)on your sole or main residence.
D delgirl Registered User Messages 1,326 19 Apr 2010 #3 You will be able to offset 75% of your mortgage interest payments against your rental income. There's a good guide to rental income here.
You will be able to offset 75% of your mortgage interest payments against your rental income. There's a good guide to rental income here.