BTL mortgage fee/costs. Offsettable against tax?

[fergus]

Is the fee associated with arranging a BTL mortgage able to be offset as an expense against tax?

If the mortgage were to be moved to a different lender as various deals expire, are all the assocaited/ongoing fees to do so also able to be offset against tax?

thanks

[sumo69]

This is quoted from the HMRC toolkit and summarised how I traet these matters:

"Generally, fees are capital if they relate to a capital matter, such as the purchase of property.
Therefore costs incurred in respect of acquiring, adding to or selling an asset are normally
capital, for example fees paid to a surveyor/valuer, planning permission or registration of title on
a property purchase.

The incidental costs of obtaining finance that are wholly and exclusively incurred for the purpose
of acquiring the property are normally allowable."

So refinancing costs of a loan that was used for acquiring the rental property should be allowable.

PM me if you have any more questions.

David