I recently remortgaged a BTL. The mortgage arrangement fee was added to the loan
My accountant told me that I have to spread the amount of that fee across the loan period so that I can only deduct in each year the appropriate fraction. Whereas if I had paid the fee myself I could deduct the whole fee for the year in question.
I can't find anything in the HMRC manual about this. Is my accountant correct please? Can anyone give me any pointers? Thanks
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