Self assessment claim for mortgage interest

[JeremyH5]

My daughter has a rental property and needs to know where to put her basic rate mortgage interest claim in her SA tax return now you no longer claim it as a deduction from rental income.
I’ve not had the same issue myself so don’t know what to tell her. Does anyone know, please?

[BobToc]

From memory it’s now an orphan box right at the end of the residential property section.

[beedj]

Page UKP2, box 44 ‘Residential property finance costs'

[JeremyH5]

beedj said:

Page UKP2, box 44 ‘Residential property finance costs'

Thanks, is that not for a Ltd Co as landlord?

[beedj]

No, it’s in the UK Property section in self-assessment

Assuming it’s a straight rental not a furnished holiday let, then she can ignore boxes 5-19 (I happen to have my wife’s 2022/23 SA tax return form to hand!)

Edited by beedj on Tuesday 30th January 20:31

[JeremyH5]

beedj said:

No, it’s in the UK Property section in self-assessment

Assuming it’s a straight rental not a furnished holiday let, then she can ignore boxes 5-19 (I happen to have my wife’s 2022/23 SA tax return form to hand!)

Edited by beedj on Tuesday 30th January 20:31

Yes it is just straight unfurnished letting. Ok that’s good, I’ll suggest she tries that and see what the calculation does with it

[beedj]

It will show it towards end of calculation as a separate line item: 'minus relief for finance costs' with a figure equal to 20% of your box 44 figure, which is then subtracted from tax due

[JeremyH5]

Thank you, that’s very helpful, I like a bit of specific information. I have passed this on and will await a resultant her end.

[JeremyH5]

beedj said:

It will show it towards end of calculation as a separate line item: 'minus relief for finance costs' with a figure equal to 20% of your box 44 figure, which is then subtracted from tax due

My daughter sends thanks, it worked as advertised