Sch A Help

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi all, :D

I was wondering when totaling rental income whether or not I can deduct the cost of the monthly mortgage repayments too. It doesn't seem to mention it in the books.

Any help will be greatly appreciated.

Thanks in advance

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Sch A Help

    Mortgage interest can be deducted but not the capital repayment.

    Annette

Categories

Privacy Policy