Long time no post - I'm temporarily a permie
...however, recalling what a helpful bunch you all are I thought I'd chance asking this here.
I wish to lend my partner money to buy her house outright that she'll then rent out. To do so I intend to take a repayment mortgage against my property.
She will be making the repayments, if it helps this can be direct to my lender.
Would I have to pay tax on the mortgage interest? (note I will not be benefitting financially, what I pay, she pays)
Thoughts welcome please as I've had conflicting advice from accountants.
Ta
...however, recalling what a helpful bunch you all are I thought I'd chance asking this here.
I wish to lend my partner money to buy her house outright that she'll then rent out. To do so I intend to take a repayment mortgage against my property.
She will be making the repayments, if it helps this can be direct to my lender.
Would I have to pay tax on the mortgage interest? (note I will not be benefitting financially, what I pay, she pays)
Thoughts welcome please as I've had conflicting advice from accountants.
Ta
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