PROPERTY TAX TIP MANY LANDLORDS MISS If you have lent money to your own property limited company, this could be very important. Under UK tax rules, you may be able to claim loan interest relief on the interest you pay on that loan. This applies where the borrowed money was used to: • Buy shares in a close company, or • Lend money to a close company As long as the company uses the money for its business, including property investment, the relief can apply. A property company counts because commer
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Rental property owners: Claiming interest on your property loan as a deduction? Make sure you only claim the interest expense for the portion of the loan that relates to the rental property! If you took money out of the loan and purchased something for private use (like a car), this part of the loan is not deductible. Watch our video to find out more, and visit www.ato.gov.au/rentalinterest | Australian Taxation Office
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