How do I show my mortgage interest - Property Finance costs explained

For the 2017 to 2018 tax year, you can only claim75% of the cost of getting a loan, or alternative
finance to buy a residential property that you let, and 75% of any interest on such a loan or
alternative finance payments.

On SimpleTax under Property Expenses,





Add the expenses category LOAN INTEREST PAID

Enter 75% of the interest paid


Add the expense category Residential Finance costs not included in box 26

Enter 25% of the interest paid




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SimpleTax automatically tells you what expenses you should be claiming, what you should watch out for and ways to lower your tax bill.

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