Foreign Income: Residential Finance Costs

The remaining 50% of the finance costs (the restricted finance costs’) from each residential
property business operated by persons abroad is used as a basis for calculating a reduction
to your Income Tax.

To show this in box 13.1 of the SA106

Click on the Foreign Income Page

Click + INCOME

Select the income category Assets Transferred/ Income Abroad

Enter 25% of your Finance costs

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