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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15946
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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As a buy to let landlord. Can i use my pre tax profit at the

Resolved Question:

As a buy to let landlord. Can i use my pre tax profit at the end of the year to pay a chunk off my mortgage. Then leaving me with a small amount to pay tax on.
Submitted: 2 years ago.
Category: Tax
Expert:  TonyTax replied 2 years ago.
.

I'm afraid that paying off part of your mortgage is not a deductible expense and, therefore, does not reduce your tax liability on rental income.

I hope this clarifies your situation but let me know if you have any further questions.
TonyTax and 2 other Tax Specialists are ready to help you
Customer: replied 2 years ago.
the mortgage is on the houses I rent not my own
Expert:  TonyTax replied 2 years ago.
It makes no difference whether the property is the one you live in or one you let.

What you choose to do with your money is your business but paying off your mortgage is not something that will be subsidised by the government.