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bigduckontax
bigduckontax, Accountant
Category: Tax
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Are monthly capital mortgage repayments on a business premises

Resolved Question:

Are monthly capital mortgage repayments on a business premises allowable against income received, and at what rate or percentage?
I believe that the associated interest payments are not allowable.
Submitted: 1 year ago.
Category: Tax
Expert:  bigduckontax replied 1 year ago.
Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question. I think that you have it the wrong way round! Only the interest element of mortgage repayments on business premises is allowable against income. I do hope that I have resolved the situation for you.
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Expert:  bigduckontax replied 1 year ago.
Thank you for your support.