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Original poster

claiming loans as expenses

3 replies

moogalicious · 21/01/2014 16:26

Can I claim the full amount of an unsecured loan on my rental property - my parents lent me some money to go towards the purchase and I'm paying them back monthly, interest free.

Tia

OP posts:
pootlebug · 21/01/2014 16:29

You can only claim loan interest (not capital repayments) as an expense. So if it's interest-free, you can't claim any of it.

Original poster
moogalicious · 21/01/2014 17:58

That's what I thought Sad. Thanks for your help

OP posts:
Original poster
moogalicious · 27/01/2014 09:22

Sorry another question! I made a loss last year which I want to carry forward this year. Last year, everything was split 50/50 with my partner, this year everything is in my name. Can I claim the entire loss or just my share from last year?

OP posts:
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