Lee Sharpe looks at personal tax relief for borrowing to finance a property investment business through different vehicles.
This article looks at tax relief for borrowing personally to invest in property rental businesses that is in turn owned:
- Personally
- Through a company
- Through a partnership
There are some key differences between the routes to relief.
Personal business
There is no separate relief for borrowing to invest in a property business, other than that allowed as an expense of the property business itself – essentially, in the property business accounts. Traditionally, accounts adopt generally accepted accounting practice (GAAP) by reference to
