Can anybody clarify margin loan interest and UK tax treatment.
Some stock brokers offer margin loan, one in particular offer an interest rate of less than 2%!
I just wonder what is HMRC's position with respect to margin loan interest.
For example, If I buy a FTSE 100 company share which I have NO connection; can I set the margin loan interest against dividend or capital gain (or interest) of my investment?
PS: I do NOT want to get into a debate whether margin loan is EVER a good idea.
Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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