All Topics / Legal & Accounting / Previous PPR interest is it claimable

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  • Profile photo of rudolphrudolph
    Member
    @rudolph
    Join Date: 2003
    Post Count: 23
    April 3, 2007 - 10:40 am

    Hi All

    This possibly has been treated before but cant locate it.

    A friend has just built a future investment property and has moved into it to give it the finishing touches. Whilst there they have rented out their PPR for 12 months. They intend to move back in after 12 months.

    Question can they claim the interest paid on their PPR whilst they are renting it out.

    Thanks in advance fir your assistance 

    Rudolph

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    April 3, 2007 - 6:23 pm

    Yes they can.

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