Personal Tax Tip 10 – Are you claiming tax relief on buy-to-let mortgages?

If you are considering investing in property (other than your home), have you considered taking out a loan to finance the purchase?

Tip: Even if you don’t actually need to borrow now, it may still make sense to borrow and use your spare capital for other purposes. The reason for this is that you may get up to 50% tax relief on the interest you pay on the loan – provided it was for a qualifying purpose – which makes it one of the cheapest ways to borrow money

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