Tax - lenders product fee deductible against rental income?
Tax Planning and Financial

Senaka
Senaka
0 Thanks
7 Posts
13 years ago
0
The tax office advised me that the lenders product fee on the original mortgage to purchase the property and subsequent remortgages are not deductible expenses against rental income. They view it as a capital expense. At the time I accepted it but with remortgages coming up and the rather hefty fees lenders are charging I just wanted to see what other people think. In my view a higher product fee is just another finance cost, instead of charging a higher interest rate they charge a product fee.

Senaka

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £75 you can join in the discussion and get access to member's only resources and services join now.