Tax question

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bini
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Hi

I am in process of getting extra borrowing from my four buy to lets and get a big chunck as a deposit ro buy my new main home. This way I will have a very small mortgage for my new main residence. And I will let my currant main home once we move into new home. I know I will have to pay higher stamp duty as not selling my currant main home.

Do I have to pay tax on extra borrowing on four buy to let's ? Is the interest incl extra borrowing will be still tax deductible ?

Will really appreciate your help :)

Thanks

25/09/2016 23:40 - Quote - Report - Thank this member

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