Foreign Income: Residential Finance Costs
For the tax year 6 April 2020 to 5 April 2021,
the allowable cost of getting a loan or alternative
finance to buy a residential property that’s let,
and any interest on those loans and alternative
finance, is restricted to 0% of these costs for
each property business.
The remaining 100% 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 100% of your Finance costs

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