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Can remortgaging btl costs be offset to tax?

Started by Stringy, November 01, 2016, 07:14:18 PM

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Stringy

So I'm remortgaging out of a 5 year fixed at 4.5% to a better 2 year deal and hoping interest rates stay low. I have a significant penalty to get out of the 5 year deal. And a set up charge on the new deal. Can I offset both against rental income for tax purposes?

Hippogriff