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Old 25.06.2018, 13:09
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Re: Investment in London, UK property?

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You can deduct maintenance cost for that and also interest payments on the mortgage.
It's unlikely an inherited UK property would come with a Mortgage, if it is subsequently mortgaged not all the interest is deductible for a higher rate tax payer as Rent is now added to income first & this will make many lower rate tax payers into higher rate tax payers. There is also a UK personal allowance of 11500, so on a rent of 18,000 the tax is likely to be under 1300 if no other UK income.
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