Follow

Estate Income: Restricted Finance costs

For the tax year 6 April 2017 to 5 April 2018,the allowable costs of getting a loan or alternative
finance to buy a residential property that is let,and any interest on those loans and alternative
finance, is restricted to 75% of these costs for each property business.

To show the 75% finance costs on the SA107

Add the Trust Page using the + NEW PAGE button

Add Income 

Select Residential Property Income 

Click SAVE

 

 

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