Can you offset interest paid on a loan in the UK against income earned letting a property in France?
A friend owns a property in France which is used as a holiday home but also occasionally let. Tax must be paid in France on any rental income earned but he took a mortgage on his own home in this country to buy the house in France. Does anyone know if the French taxman will allow the interest being charged on the loan in the UK to be set against the rental income earned for taxation purposes?
