From: John Boyle 
Newsgroups: uk.finance
Subject: Re: Income from property
Date: Sun, 18 Mar 2007 18:47:37 +0000

In message <1174242538.407272.298510@o5g2000hsb.googlegroups.com>, 
whitely525@yahoo.co.uk writes
>On 17 Mar, 00:34, John Boyle  wrote:
>> In message <1174082463.092787.51...@e1g2000hsg.googlegroups.com>,
>> whitely...@yahoo.co.uk writes
>>
>> >Incidentally, the only insurance offsetable against tax is rental
>> >guarantee insurance.
>>
>> ??? Shome mishtake shurely.
>
>
>It is what HMRC told me over the phone, re BTL.
>
>E.g. you cannot offset MPPI (apparently).

I think its obvious that mortgage payment protection is not offsettable 
for a BTL and I am at a loss to understand why a landlord would wish to 
buy such insurance as the payments on the loan are based on the rental 
income.

I can not understand how the HMR&C statement about MPPI means you can 
only set off rental guarantee insurance. You can most certainly offset 
buildings insurance premiums as well.
-- 
John Boyle