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Personal finance loan

Started by Headscratching, April 03, 2023, 10:47:49 PM

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Hi, 1st time here so please bear with me. I am one of many 'accidental landlords' I took out a personal finance loan to renovate and use as deposit to by a house to renovate it then sell just as the market crashed in 2008. I have been renting it out ever since. I was told by a chartered accountant that i am able to claim the interest paid on this as well as the interest on the mortgage payments as allowable expenses to hmrc. Can anyone verify if this is correct? Thanks


Are you genuinely asking strangers on the Internet to validate or repudiate what a Chartered Accountant has told you?