Hello Filipa,
Under what circumstances can property mortgage interest be deducted when calculating property income?
This includes scenarios such as self-employment and company.
Because I noticed in some exercises that we are not allowed to deduct it.
Thank you for your help,
Filipa
Ask the Tutor ACCA TX-UK
Property Income
Individuals - the expense is not allowed and there is a tax reducer instead
Companies - the interest paid is dealt with as Non-trade loan interest rules in TTP
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