Offsetting Tax Liability

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D
DM
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Hi, Could someone give me some tax advice please?

Can I offset my tax liability by paying some of my Buy to Let Mortgage off with the profits of my property portfolio. Eg If I make £10k profit in a given tax year and reduce one my Buy to Let mortgages by £10k in that same tax year does this take my profit down to £0 and therefore have no tax to pay. Thank you for any advice you can provide.

30/08/2016 17:51

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