Im doing my self assessment tax return and I can claim back the interest portion of the mortgage payments i have made on a house that i rent out. but i cant find out how to do it. any help would be appreciated.
Business & Finance
Advertising,Marketing,Careers,Employment,Corporations,Credit,Insurance,Investing,Personal Finance,Renting,Real Estate,Small Business,Taxes
How do I work out amount of interest on mortgage payments on buy to let property?
Page: 1
| Author | Post |
|---|---|
|
#1 Sat Aug 08, 2009 6:25 am
|
|
| Member | |
|
#2 Sat Aug 08, 2009 10:30 am
|
|
| Member |
Either ask your mortgage provider for a statement if you haven't got one or use an online mortgage calculator.
The link below is a mortgage calculator that clearly shows the amount in interest and capital repayments you pay according to the interest rate. |
|
#3 Sat Aug 08, 2009 6:45 pm
|
|
| Member |
if you do a search on amortization tables you might find the one that applies to your situation
|
|
#4 Sat Aug 08, 2009 8:05 pm
|
|
| Member |
You look at your mortgage bill for the rental and it says how much interest you've paid year-to-date. You also get a 10-98 (in the US, anyway) form at tax time that shows the amount of mortgage interest paid for that loan over the tax year.
|
Page: 1
|
| Business & Finance is powered by UseBB 1 Forum Software