Residential Finance Costs: Property Abroad

Residential Finance Costs: Property Abroad

For the tax year 6 April 2020 to 5 April 2021 the allowable costs of getting a loan or alternative
finance to buy a residential property that is let ,plus any interest on those loans and alternative
finance agreements is restricted to 0% of the costs. 

0% of the costs should be shown in box 17 of the SA106, the remaining 100% should be shown as below

 

Click on the Foreign Income Page


 

Select Land and Property Abroad

 

Fill in all required Information about the property.

 

 

Enter the Residential Finance Costs i.e 100% of the mortgage interest paid at Box 24.1.

 

 


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