Self-employed can set mortgage costs against tax, says HMRC

[jibspark]

Self-employed can set mortgage costs against tax, says HMRC - Business News, Business - The Independent


does anyone do this?

 

[Spudmiester]

no.............but i am going to look into it !

 

[jibspark]

me too!

 

[andy8758]

This is where a good accountant is worth their weight in gold. If you have a good "pro-active" accountant they should be earning their keep by keeping you informed of exactly what expenses are able to be off-set against tax. If you have an accountant make an appointment to discuss this with them. It could save you thousands of pounds.

 

[dragon-av]

I heard tho that if you do this the house can be become an asset and then liable to capital gains when you sell it......

 

[DYCHE4230]

dragon-av, the link on the first post suggests that this wouldn't be the case...its sounds like a win win situation, but I doubt it!!!!!