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Hi there, my wife and I own to Buy-To-Let properties, both of which are mortgaged on an interest-only basis. Unfortunately, the Rental income, not-to-mention the ground rent, insurance and maintenance fees payable, is substantially less than the mortgage costs. tax question I understand that this results in a business loss and, as such, no tax is payable. However, my wife is employed and pays tax via PAYE. I am self-employed and, as a result of poor current business conditions, have made a loss for the last 2 years, and expect this to be the case this year, too. My question is this: is it possible to offset the loss on the Buy-To-Let properties against the tax that my wife pays via PAYE? (I would add that both properties are mortgaged jointly, in both of our respective names.) Any advice you can give would be much appreciated. Many thanks for your time.

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