UK Landlord Forum / Life

Hello,

Iv'e been told that if have two properties one with a normal morgage and the other a buy to let you can claim tax releif on both, is this true?

Thank you

Are you renting the house out that's on the residential mortgage?

Was the person who told you a habitual liar then? Did they have the word Agent in the Job Title?

What are you doing with these houses?

One I live in, the other I rent out.
One I have BTL Morgage.
The other I have a normal repayment Morgage.

No they were not an agent.... Lol

Mate.

You give such little information and expect advice.

It's getting a bit tedious for me.

Sorry, but until you give full disclosure of the facts I am out!

You need to detail the circumstances of when and where you bought both properties and what your financial position was when you undertook each transaction, together with your estimated profits from your BTL and the relative interest and repayment elements of both mortgages.

I suspect this will all be too much for you!

Hello,

You don't need any more informtion, the original question was straight forward.

Quote from: One house on July 20, 2014, 08:19:25 AMIv'e been told that if have two properties one with a normal morgage and the other a buy to let you can claim tax releif on both, is this true?

This is what most people would call a "numptie question"... trying to answer it for you is more trouble than it is worth, sorry. Please do some of your own actual research before blasting loads of truly basic questions onto the forum. The beginner questions are fine, of course, and we are happy to help - but you seem to be wanting to up your post count, or something, by putting inane stuff on here. And, finally, a Landlord (or anyone doing anything related to property) should really know how to spell "mortgage"... it allows you to come over as so much more professional, even if the truth is actually the opposite.

Don't go away, now... keep coming at us... but take your time tonight to think up a really good question for the forum, then post it tomorrow. We'll all do our best.

Quote from: One house on July 25, 2014, 05:13:35 PM
Hello,

You don't need any more informtion, the original question was straight forward.

If we were in a Pub, striking up a conversation, at this point I would go in the other Bar, and inquire to the Bar Man, who the numpty was I was talking too.

There, that was my polite reply.

Bit hard on One House, that, I thought... we need to get One House to Two House before we can expect One House knows everything there is to know. We should only be hard on Two House, not One House. I fear One House did get a bit uppity in the last response but I am still waiting for the good question to come our way.

It would be great him paying a couple of hundred to an accountant, asking the same questions, then when the accountants asks "my" questions, he just says " You don't need to know anymore than that"

Funny.

True. It makes One House sound well dodgy now I think about it. I think One House should pay the right / fair amount of tax and not try (ever so hard) to evade it.

Don't go. Not at the first little niggle... that's not how Landlords behave... we keep pushing-on.

It's not fair to bait him in this topic, I locked it!

30 childish posts, I got rid of the annoying ones, just left the ones in the tenant section, as I really dont go in there very often!