RENTAL INCOME – CLAIMING INTEREST ON BORROWINGS AS A RENTAL EXPENSE

It may be possible to claim interest payable on your rental property as a rental expense.   Interest on money borrowed to purchase, improve or repair let property is deductible as a rental expense in computing your rental income for tax purposes. It is restricted to 75% of the interest accruing. From 01.01.17 this increases … Read moreRENTAL INCOME – CLAIMING INTEREST ON BORROWINGS AS A RENTAL EXPENSE