Writing off interest against rental income

S

spinal_tap

Registered User
Messages
125
Just a quick question regarding qriting off the interest on an interest only investment mortgage against the rental income on that property.

The property had been my PPR, with 230k owed. Topped it up with another 50k and switched the lot to interest only as it is now rented.

However, the 50k was towards the new PPR, so when calculating the interest to be deducted from rental income for tax purposes, do I base it on 230k or 280k?
 
You must log in or register to reply here.
Back
Top