.png)
.png)
I have owned a couple of buy-to-let properties for five years and took out a mortgage that varied with the Bank of England base rate just before the base rate was reduced to 0.5%.
As an employee of a UK bank having lost on shares held in employee share ownership trusts I felt relieved that my investments were diversified.
My employer has now sent me P11D returns for two years which show a huge benefit in kind on the difference between HMRC’s official rate of interest and the rate that I paid for 2008/09 and 2009/10.
I initially thought that the benefit in tax charge was a ‘tax nothing’ as far as this relates to deduction against my buy-to-let income. I presume that I can claim a deduction for the interest that I pay to my employer against the rental income?
However I then had second...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
