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Remember that mortgage interest is only allowable at the basic rate of income tax. Here is the advice from Turbotax [edited]:
'If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses for managing, conserving, or maintaining the property while the property is vacant. However, you cannot deduct any loss of rental income for the period the property is vacant.'
\i do hope that you have found my reply of assistance.
You are quite right, here is the actual allowable rates:
'In the 2017-18 tax year, you can claim 75% of your mortgage tax relief. in the 2018-19 tax year, you can claim 50% of your mortgage tax relief and in the 2019-20 tax year, you can claim 25% of your mortgage tax relief'
You can deduct and any loss carried forward, but only against future rental incomes. You can deduct from the time when the premises became available to rent as I told you.
In 16/17 100% of the interest was deductible. The restrictions only started in 17/18.
From the time the property was available for rent.