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Discuss Self-employed can set mortgage costs against tax, says HMRC in the Industrial Electrician Talk area at ElectriciansForums.net

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Spudmiester

  • Thread Starter Thread Starter
  • #2
no.............but i am going to look into it !
 
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andy8758

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  • #4
This is where a good accountant is worth their weight in gold. If you have a good "pro-active" accountant they should be earning their keep by keeping you informed of exactly what expenses are able to be off-set against tax. If you have an accountant make an appointment to discuss this with them. It could save you thousands of pounds.
 
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dragon-av

  • Thread Starter Thread Starter
  • #5
I heard tho that if you do this the house can be become an asset and then liable to capital gains when you sell it......
 
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DYCHE4230

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  • #6
dragon-av, the link on the first post suggests that this wouldn't be the case...its sounds like a win win situation, but I doubt it!!!!!
 
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