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Thanks, XXXXX XXXXX the accrual issues over CGT and as I have lived there since the property was bought, aside from the last three years, I understand that on the transfer I will be liable for something like six months, which is the total time of residency, plus the three years, with only the few months since then to be liable. I was advised that the new value of the house, for CGT until I sell it, will begin as the new value for the calculation of CGT.
However, my question about tax is a bit more complicated - I understand that I can claim all of the interest, but I have increased the loan considerably -we bought the house for £160k and I am remortgaging fo ra total of £340k. Am I going to be able to claim tax relief on all of this £340k, given that?