• Gifted Property - Remortgage

    By Guest on 13th May 2019

    DEAR FCA
    My father gifted a mortgage free property to me with the intention for reducing his inheritance tax in the future. I am aware he must survive 7 years for it to be no longer considered part of his estate.
    Am I still allowed to remortgage this property for BTL purposes and still claim the interest in my Self Assessment. If so, is there a reduced amount I can claim compared to a non gifted property ?

    Current Property Value : £200K
    Proposing Remortage for £150K.

  • 1 Answers

    By Guest on 14/05/2019

    I advise you consult an accountant or tax adviser with your tax query.

    www.notaryexpress.co.uk

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