Sunday Times: Money Q&A: Can we offset mortgage interest on rental property gains?
0According to Joanna Murphy, CEO at Taxback.com – “In short, no — you won’t be able to do this. The reason for this is that expenditure that is allowed against your rental income should be wholly and exclusively for the purposes of renting out the property. This means that, if an expense were not incurred for the purposes of your rental property, you could not use it as a deduction against your rental income.”
