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Questions and Answers
Is my mortgage repayment an expense?
I have rental property. Can I claim my mortgage repayment as an expense when doing my tax return?
When you are doing your rental income tax return you can only claim the mortgage interest as an expense, not the full mortgage payment.
Mike Scanlan, Technical Manager at TaxAssist Accountants, explains:
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Date published 17 Sep 2019
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
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