Interest on Housing Loan


This query is : Resolved 

Quick Summary
This discussion clarifies whether you can claim interest on a housing loan for both the construction and repair of the same property within the same financial year. Generally, the maximum claimable interest on a housing loan is £200,000. For let-out properties, you can claim a standard 30% for repairs and maintenance alongside the interest on your housing loan, which must be declared as property income.

27 January 2020 Sir
Can I Claim Interest on construction of HP and Repair at time? i.e 230000(200000+30000)

27 January 2020 No clarity , maximum you can claim 200000/- interest paid on repayment of HL

01 February 2020 During the financial year can an asessee claim both interest on construction and repair (same houseproperty)

01 February 2020 Only let out property you can claim standard 30% repairs and maintenance and interest on hl you have declare HP income


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