Finance costs

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M
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Hi,
Please could you help clarify something for me?
My accountant says that finance fees relating to a new purchase (mortgage arrangement fees, valuation fees, TT fees, Lender legal fees) are not allowable against income as they are capital and can only be offset against a gain following a disposal. He does, however, say that they are allowable against income if they are for remortgages (although we have never claimed and therefore I am now in the process of adding up all these expenses over the last 15 years!).
I recently read an article that said these expenses are offsetable against income even if they are related to the purchase of a new property.
The HMRC website is vague at best - any clarification you can offer would be very much appreciated.
Thanks.
13/04/2016 09:01

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