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Can interest from a main residence be off set against rental income?

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My husband took equity out of our main residence twice and used all the money to buy some buy-to-let properties.

So, can the extra interest that he is now paying on his main residence be off set against his tax/income?

James says
1 Provided that the cash from the equity release was used only to acquire the buy to let properties, then the interest on the loan can be set against the rental income. I am assuming that the main residence and the buy to let properties are either both owned by your husband in his sole name, or are both jointly owned - if this is not the case, you need further advice. 

 

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