Partnership Property Finance Costs

Partnership Property Finance Costs

For the 2020 to 2021 tax year, you can only claim 0% of the cost of getting a loan, or alternative finance to buy a residential property that you let, and 0% of any interest on such a loan or alternative finance payments.

1. Click on '+ NEW PAGE' and then select 'Partnership (SA104)'

2. Fill in the partnership details in the boxes provided and then click 'SAVE' at the bottom

3. Use the Pencil Icon to edit 'Income from Property (Box's 36 - 41.1)'

4. 100% of the finance costs should go in the Residential Finance Costs box 41.1

5. Click 'SAVE' at the bottom