Monday March 30, 2020

Don't forget to claim tax relief on home-improvement loans

Most home-owners are aware that mortgage interest relief is granted at source for their main mortgage, but not everyone knows about the relief available for home improvements.

10th December, 2005

Most home-owners are aware that mortgage interest relief is granted at source for their main mortgage, but not everyone knows about the relief available for home improvements.

If you are planning to borrow for a kitchen extension, attic conversion or other major qualifying home improvement, you can claim income tax relief on the interest paid.

This relief is probably of most value to older homeowners who have little or no mortgage and are not using...

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