And similarly sir if i take a loan to pay my agent his/her fees and insurer the insurance coverage charge for my bought-to-let residential property, the finance cost are allowable only upto 25%+75%*20%?
I understand that if I pay make the aforementioned payments from my own pocket, they will be fully deductible even in case of a residential property.
Ask the Tutor ACCA TX-UK
Insurance and Agent fees- Residential property
You are making a ridiculous suggestion that an individual would have to borrow to pay an expense - and you are failing to differentiate between the deduction for the expense itself and the interest expense incurred on a loan
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