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Where Taxpayers and Advisers Meet

property allowance

steven13
Posts:28
Joined:Sat Nov 11, 2017 3:32 pm
property allowance

Postby steven13 » Thu Jan 14, 2021 3:58 pm

If you claim the £1000 property allowance on a let property can you also:

a) claim 25% of the mortgage interest paid on that property and
b) claim the tax credit which is 75% of mortgage interest paid ?

or does the property allowance cover any mortgage interest paid and the tax credit

Thanks

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