Follow

Partnership Property Finance Costs

For the 2017 to 2018 tax year, you can only claim 75% 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.

To show this on SimpleTax, click on on the Partnership Page

Use the Pencil Icon to edit INCOME FROM PROPERTY BOXES 36-41.1 

 

25% of the finance costs should go in the Residential Finance Costs box 41.1

 

 

 

 

 

The friendly way to do your taxes online.

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

Have more questions? Submit a request

Comments

Powered by Zendesk