To help with the mortgage repayments, I intend letting part of my house. What tax relief can I claim against my personal income tax and against the rental income?
In this situation, part of the mortgage interest may be claimed as a normal interest credit against your personal income tax. However, the balance of the interest may not be claimed as a rental deduction. The mortgage interest applicable to the let part of the house will be determined on a just and reasonable basis. For example, the apportionment of the interest may be by reference to the number of rooms let.
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