Relief to rent out part of the home
Relief to rent out part of the home
- 1995
- Guardian 27 May 1995, 33(1) .
Inland Revenue has granted a concession to those who rent out part of their home or use more than one third for business purposes. The mortgage can be treated as two separate loans, apportioned in appropriate fractions, with Miras relief available on the part relating to use of the property as a home.
INLAND REVENUE
LETTINGS
MORTGAGE INTEREST RELIEF
RENTING
Inland Revenue has granted a concession to those who rent out part of their home or use more than one third for business purposes. The mortgage can be treated as two separate loans, apportioned in appropriate fractions, with Miras relief available on the part relating to use of the property as a home.
INLAND REVENUE
LETTINGS
MORTGAGE INTEREST RELIEF
RENTING