TRS and second home

[ryanline79]

I am a first time buyer of my principle residence and receive TRS on this because I have a mortgage (Own since 2006).

Last year I inherited a house which I have just began to rent out.

Does the second house affect the TRS at at all?

 

[Graham_07]

Simply, no. You claim TRS on your Principal Private Residence. As long as a property remains your PPR then you claim the TRS as applicable on that. The second property is an investment property and is unconnected.

 

[ryanline79]

Thanks Graham